Sold Terraced

40 OAK DRIVE

LEICESTER, SYSTON, LEICESTERSHIRE LE7 2PX

2 beds 1 baths 678 sq ft Listed 5 Jun 2025 (-369d)

£215,000

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Property photo

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Property details

Tenure

FREEHOLD

Floor area

63 m²

Council tax band

B

EPC rating

C

Year built

England and Wales: 1976-1982

Last sold

£212,500 Oct 2023

Price per m²

£3,413/m²

Local average

£218,479 (-1.6%)

Deprivation

Decile 8 (26,770 of 33,755)

Street crime

110 incidents within 1 mile (Apr 2026)

Key features

  • Two Bedroom Mid Terrace
  • Upgraded Central Heating Boiler (Fitted Nov 2022)
  • Garage in a Nearby Block
  • No Upward Chain
  • Popular Location
  • Need Independent Mortgage Advice? Get in Touch Today!
  • Tenure - Freehold
  • Tax Band B
  • EPC Rating C
  • Viewings Strictly By Appointment Only!

Additional details

Heating
Gas central
Parking
Garage
Garden
Private garden
Listed property
No

Description

An ideal first purchase or buy to let investment, this two bedroom terrace house is located within walking distance to Merton Primary School and is available with no upward chain. Boasting a replaced central heating boiler fitted in 2022, accommodation includes an entrance porch with meter cupboard, lounge, full width kitchen diner, first floor landing, two bedrooms and a bathroom, with a majority south facing garden to the rear as well as a garage located in a nearby block. An immediate viewing comes highly recommended.
EPC rating: C. Tenure: Freehold,

Listed by

Leicester Forest East

The Property Franchise Group

Reference: 162911414

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 14/09/2023

Current heating cost: £1,058/year

Potential heating cost: £827/year

Est. upgrade cost to C: £14,950

Recommendations

  • Party wall insulation (£300 - £600)
  • Floor insulation (solid floor) (£4,000 - £6,000)
  • Solar water heating (£4,000 - £6,000)
  • Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

Price history

Event Date Price % change
Sold 27/10/2023 (2 years ago) £212,500 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street 71 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £195,000 16/01/2026 Terraced
Same street 78 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £320,000 12/12/2025 Semi-detached
Same street 74 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £310,000 04/04/2024 Semi-detached
Same street 25 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £290,000 11/10/2023 Semi-detached
15 ASH DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PQ £162,000 26/08/2022 Terraced
Same street 62 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £285,000 29/07/2022 Other
12 SOUTHFIELD AVENUE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2LL £180,000 11/02/2022 Terraced
Same street 41 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £190,000 30/11/2021 Terraced
10 SOUTHFIELD AVENUE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2LL £200,000 26/11/2021 Terraced
Same street 63 OAK DRIVE, SYSTON, LEICESTER, CHARNWOOD, LEICESTERSHIRE, LE7 2PX £184,000 15/10/2021 Terraced

Street average: £253,429 (7 sales)

Area average: £180,667 (3 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -4.9%
10y growth 29.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Charnwood. Series: Terraced. As of March 2026.

1y (index) 1.9%
5y (index) 19.8%
10y (index) 52.7%

Rental Range

Estimated market rent for Charnwood. Low = conservative, Realistic = average, Optimistic = best case.

Low £857/mo
Realistic £952/mo
Optimistic £1,047/mo

Based on Local Authority from postcode lookup → Charnwood.

LHA (30th percentile) floor for Leicester: £648/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View LE7 2PX

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Quenby Crescent 0.4 miles
Bus stop Barkby Road Cemetery 0.4 miles
Shop Bargain Booze 0.4 miles
Train station Syston 0.5 miles
Shop Mace 0.5 miles
Train station Leicester North 3.0 miles
Hospital Leicester Nuffield Hospital 3.2 miles
Hospital Main Entrance 5.1 miles
University University of Leicester - The Village 5.7 miles
University University of Leicester 5.9 miles

Street-level crime

Category Count
Violence and sexual offences 44
Anti-social behaviour 15
Shoplifting 10
Other theft 9
Criminal damage and arson 8
Vehicle crime 6
Burglary 5
Public order 5
Drugs 3
Other crime 3
Bicycle theft 1
Possession of weapons 1
Total incidents 110

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
The Merton Primary School Primary 0.1 miles Good — 28 Aug 2014
St Peter and St Paul Church of England Academy Primary 0.8 miles Good — 7 Jan 2015
Bishop Ellis Catholic Voluntary Academy Primary 0.8 miles Good — 3 Sep 2012
The Roundhill Academy Secondary 0.8 miles Requires improvement — 26 Sep 2023
Eastfield Primary School Primary 0.9 miles Requires improvement — 3 Dec 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Semi-Detached House, Pine Drive, LE7 £1,200/mo 2 0.12 miles OpenRent
2 Bed Flat, Melton Road, LE7 £800/mo 2 0.42 miles OpenRent
2 Bed Terraced House, Wolsey Way, LE7 £995/mo 2 0.59 miles OpenRent
2 Bed Flat, Hallaton Drive, LE7 £850/mo 2 0.62 miles OpenRent
2 Bed Terraced House, Abbotts Close, LE7 £785/mo 2 0.7 miles OpenRent
2 Bed Flat, Malt House Court, LE7 £900/mo 2 0.71 miles OpenRent
2 Bed Terraced House, Preston Close, LE7 £895/mo 2 0.73 miles OpenRent
2 Bed Terraced House, St Columba Way, LE7 £895/mo 2 0.83 miles OpenRent

Average rent: £915/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.42%
Max investor price (0.8%) £111,875
Target investor price (1%) £89,500
Gross yield 5%
Cost-to-rent ratio 20×
Monthly cashflow £-66/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -1.3%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).