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Mill Lane, East Leake

East Midlands

£400,000
Listed on 27/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached bungalow presents a promising opportunity for renovation and investment, situated within close proximity to the village center. With three generously-sized double bedrooms, this property is well-suited for those looking to personalize their living space or investors seeking potential rental income. Local amenities are conveniently accessible, with a range of shops, including a doctor's surgery, pharmacy, and several dining options located within half a mile. The nearby Co-op supermarket, bakery, and greengrocers provide everyday essentials, while local primary and secondary schools enhance the appeal for families. The property's strategic location allows for easy commuting to major urban centers such as Loughborough (4 miles), Nottingham (8 miles), Derby (13 miles), and Leicester (13 miles). The robust transport links include mainline rail services from East Midlands Parkway and Loughborough stations, both approximately 4 miles away. Additionally, East Midlands Airport is just a 20-minute drive, making travel convenient. Internally, the bungalow features a spacious living/dining area that invites creativity in design. The kitchen connects to practical areas including a utility/storage room and an additional W.C., while the lean-to conservatory adds extra functional space. This layout offers flexibility for renovations that can transform the home into a modern living environment. Outside, the large rear garden provides ample room for landscaping projects or expansion ideas. It is predominantly laid to lawn with mature borders that ensure privacy—ideal for outdoor gatherings or personal retreats. A driveway alongside the property accommodates multiple vehicles, while the single garage includes an inspection pit, appealing to auto enthusiasts or those considering further modifications. This property's combination of space, location, and potential makes it an attractive proposition for buyers interested in redefining their living experience or maximizing investment returns through thoughtful upgrades.

Investment Analysis

(LE12 area)
Area Average
£298/sq ft
Avg Rent (weekly)
£256
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Monthly Sales
49
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LE12)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 1.2%
5 year growth: 18.7%
Investment Disclaimer: Analysis based on LE12 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

Mill Lane, East Leake
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