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Church End, North Somercotes LN11

East Midlands

£300,000
Listed on 14/04/2025

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1280 sqft

Description

We present an intriguing opportunity to purchase a detached bungalow situated in the tranquil coastal village of North Somercotes. This property requires comprehensive renovation but is ripe with potential for those looking to personalize their living space. Layout-wise, the bungalow consists of three bedrooms, all equipped with built-in wardrobes, ensuring ample storage. Among these, two spacious double bedrooms offer comfortable accommodations. The four-piece bathroom suite features a corner bath and awaits a modern redesign to elevate its appeal. The kitchen, well-sized and overlooking the garden, provides an exciting chance to create a bright culinary haven. Two reception rooms enhance the livability of this home; the lounge is warmed by a multi-fuel burner, perfect for cozy evenings, while the dining room serves as a welcoming area for meals and gatherings. Additional functional spaces include a utility area and porch, contributing to its overall usability. Set on approximately 0.85 acres, the property's expansive outdoor area invites landscaping ideas and creative endeavors. It also comes with several outbuildings including a double garage and multiple workshops which add practical value. Nestled on the village outskirts, this location offers peaceful surroundings while maintaining proximity to local amenities and scenic walking routes. This unmodernised property presents an excellent prospect for someone eager to invest time and resources into crafting their dream home.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£234/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£161
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£310,816
10% above area average per sq ft
Potential ROI
-20.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -2.5%
5 year growth: +12.9%
Investment Disclaimer: Analysis based on LN11 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

Church End, North Somercotes LN11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% 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.

Price History

+5.3% since listed
£300,000+£15,000(+5.3%)
19/07/2025
Current price
£285,000Initial listing
14/04/2025

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