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Mill Lane, Caldecott LE16

East Midlands

£595,000
Listed on 04/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Merrie Cottage is a characterful detached home that offers significant potential for renovation and personalization. Nestled within an expansive plot in a picturesque village, this stone-built residence features a traditional slate roof and includes various outbuildings, such as stables, which could be repurposed or developed further with the right planning permissions. The property exudes charm with its exposed beams and fireplaces while providing spacious accommodation across three levels. The current layout consists of multiple reception rooms on the ground floor, three double bedrooms and a family bathroom on the first floor, plus a large loft bedroom that presents opportunities for conversion or enhancement. While the property benefits from gas central heating and partial double glazing, it stands ready for sympathetic modernization. With an eye for design, new owners can transform this period home to meet contemporary living standards while preserving its unique character. The grounds are fully enclosed with mature gardens offering privacy and tranquility, alongside an array of well-placed outbuildings that could serve various uses. In summary, Merrie Cottage invites prospective buyers to explore its considerable investment potential in a sought-after rural location, combining traditional aesthetics with the chance for bespoke enhancements.

Investment Analysis

(LE16 area)
Area Average
£330/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE16)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -3.2%
5 year growth: 6.7%
Investment Disclaimer: Analysis based on LE16 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

Mill Lane, Caldecott LE16
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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
£2,180
Based on a loan of £446,250 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