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School Lane, South Croxton

East Midlands

£395,000
Listed on 28/02/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1367 sqft

Description

This three-bedroom detached home, located in the desirable village of South Croxton, presents a compelling opportunity for renovation and investment. While the property requires modernization throughout, its spacious layout offers considerable potential for those looking to enhance its value and appeal. The ground floor features an entrance hall leading to a generously sized lounge with dual aspect windows that fill the space with natural light. A cozy stone fireplace adds charm, while adjacent is a dining room perfect for family gatherings. The kitchen boasts ample room for a breakfast table and is currently equipped with essential units, though it would greatly benefit from a contemporary upgrade. A conservatory extends from the kitchen, providing additional living space and access to the south-facing rear garden. Upstairs, you will find three bedrooms. The master suite includes an ensuite shower room and picturesque views of the surrounding countryside. The second bedroom also offers attractive views and plentiful storage options. Additionally, there is a sizable storage area that could potentially be converted into another bedroom with appropriate planning permissions. Outside, the property features extensive off-road parking along with a garage that benefits from power and lighting—ideal for additional storage or workshop space. The south-facing rear garden is designed for ease of maintenance yet has ample scope for landscaping improvements or even an extension to enhance outdoor living. With its versatile layout and prime location in South Croxton—a village known for its community spirit and scenic surroundings—this property presents an appealing project for investors or homeowners eager to put their personal touch on a residence. The opportunity to expand or modernize exists, making this home not just a place to live but also a valuable investment in an increasingly sought-after area.

Investment Analysis

(LE7 area)

Below Market Value

This property is priced -6.9% below area average per sq ft

-6.9%
Potential saving
This Property
£289/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£466,673
10% above area average per sq ft
Potential ROI
+7.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by +2.2% over the last 12 months
3 year growth: 4.0%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on LE7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

School Lane, South Croxton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,447
Based on a loan of £296,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE