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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 noteworthy opportunity for those seeking a renovation project. While the property is currently in need of modernization throughout, it offers a solid foundation and generous space that can be transformed into an inviting family residence. Upon entering, you are greeted by an entrance hall that leads to several key areas. The lounge features dual aspect windows, creating a bright atmosphere, and is anchored by a classic stone fireplace. Adjacent to the lounge is a separate dining room, which also benefits from rear-facing views. The kitchen/breakfast room, while dated, has the potential for an ambitious overhaul that could include modern appliances and updated finishes; it also opens into the conservatory that overlooks the garden. The ground floor further includes a bathroom that can be redesigned to reflect contemporary styles and preferences. Upstairs, the master bedroom boasts countryside views and includes an ensuite shower room. The additional two bedrooms offer ample space and flexibility and could be reconfigured to meet various needs. Outside, the property provides significant advantages for both current living and future development. The front features a block-paved driveway with sufficient parking space alongside a garage equipped with power and lighting. Notably, there is potential for extension at the side of the house, subject to necessary planning approvals—an attractive feature for investors looking to maximize value. The south-facing rear garden is another asset; it includes a paved patio area leading down to established landscaping with well-maintained shrubs. This outdoor space is ideal for enhancing recreational areas or even adding outdoor structures like garden rooms or studios. With no upward chain involved, this property allows prospective buyers to envision their own renovations in an area known for its community spirit and picturesque surroundings. Given its layout and location benefits, this home represents not only a chance to create personal living spaces but also strong investment potential in one of Leicestershire's charming villages.

Investment Analysis

(LE7 area)

Below Market Value

This property is priced -6.1% below area average per sq ft

-6.1%
Potential saving
This Property
£289/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£243
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£39,500 - £98,750
10-25% of property value
Target Value
£462,538
10% above area average per sq ft
Potential ROI
-6.3%
After renovation
Monthly Sales
53
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by +2.9% over the last 12 months
3 year growth: 6.6%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on LE7 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

School Lane, South Croxton
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