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Cattle Dyke, Gorefield, PE13

East Midlands

£270,000
Listed on 07/01/2023

Property Details

Bedrooms
3
Type
Semi-detached house
Area
936 sqft

Description

This property presents a unique opportunity for those interested in renovation and investment potential. With three bedrooms, it offers ample space that can be customized to suit your vision. The expansive gardens are a notable feature, providing an impressive outdoor area that rivals many others. This extensive green space not only offers room for recreational activities but also overlooks open fields, creating a serene atmosphere that enhances the overall appeal of the home. For gardening enthusiasts or those looking to cultivate their own vegetables, this setting could be transformed into a delightful landscape. The interior of the home includes a spacious kitchen/diner designed to accommodate family gatherings and entertaining guests comfortably. The adjoining lounge provides an inviting space for relaxation, making it ideal for both casual evenings and social events. With a bit of updating, you could create a modern living environment tailored to contemporary tastes. In addition to its livable spaces, this property holds significant potential for extension. Whether you're considering adding extra bedrooms, a dedicated home office, or recreational spaces like a game room, the flexibility of the layout allows for thoughtful renovations that can significantly increase both functionality and value. Parking is another practical advantage here; with room for multiple vehicles—up to eight in the gravel area—guests will never have to worry about finding a spot. This is particularly beneficial in areas where parking can often be limited. Ultimately, this property stands out as a residence full of possibilities for those who see its potential. With generous outdoor space, interior comfort, and room for expansion or renovation, it represents an excellent investment opportunity in a desirable location.

Investment Analysis

(PE13 area)

Above Market Value

This property is priced +30.8% above area average per sq ft

+30.8%
This Property
£288/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£27,000 - £67,500
10-25% of property value
Target Value
£227,078
10% above area average per sq ft
Potential ROI
-32.7%
After renovation
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PE13)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -5.6%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on PE13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Cattle Dyke, Gorefield, PE13
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