Active
10 Days on market
11 Ferncroft Rd Leicester — Photo 1 of 23

11 Ferncroft Rd Leicester — Photo 1 of 23

$249,900

Investment Analysis — 11 Ferncroft Rd

Leicester, MA 01524

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01524 carries an estimated $2,040/mo in gross rent — about a 6.08% cap rate and $15,186/yr in estimated NOI at the $249,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

792

Style

Single Family

Built

1972

Attention investors, flippers, and sweat-equity buyers! This high-potential property offers a prime value-add opportunity with massive upside in a serene, sought-after location. Unlock immediate equity with this 3-bedroom, 1-bathroom fixer-upper, perfectly positioned on a spacious 0.33-acre lot. This property features a solid foundation for capitalization, boasting original hardwood floors throughout just waiting to be refinished. A versatile enclosed 4-season porch, and a high-ceiling basement ready to be finished to maximize your usable square footage. Nestled in a quiet, low-traffic neighborhood, the home offers picturesque views of Cedar Meadow Pond, providing an idyllic backdrop for future buyers or renters. Embrace the ultimate lakeside lifestyle with year-round recreational activities just steps away, including boating, kayaking, fishing, and nearby hiking. This property is priced to sell and serves as the perfect canvas for your next profitable flip or a custom dream home tailored to your exact taste. Bring your vision and toolbelt to maximize the ROI on this diamond in the rough!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 396 sq ft (the lesser of 900 sq ft or half the 792 sq ft principal dwelling). Lot size: 14,418 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$249,900
Annual Taxes$3,419

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood
BasementPartial, Unfinished

Climate & Utilities

HeatingElectric Baseboard, Electric
CoolingNone
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSA

Property & Lot

Acres0.33
SqFt Lot14,418
Lot FeaturesWooded

Amenities & Appliances

Electric Water Heater • Range • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2
First
Living RoomDining RoomKitchenBedroom 3
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl First
Listing Provided By

Listing Agent: Patricia Larson

Listing Office: Vylla Home

MLS® Number: 73570935