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The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 1
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 2
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 3
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 4
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 5
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 6
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 7
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 8
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 9
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 10
The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE - Image 11

The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE

East Midlands

£850,000
Listed on 05/05/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

The Gables presents a compelling opportunity for those looking to invest in a property rich in character yet in need of renovation. Nestled within approximately 1.4 acres, this spacious estate features not only established gardens and outbuildings but also land that was previously utilized as a nursery, offering considerable potential for redevelopment or reimagining the existing structures. Situated in the village of Sharnford, The Gables enjoys advantageous transport connections, with the A5 just under three miles away and Junction 1 of the M69 motorway within a five-mile radius. This location is complemented by local amenities, including an independent village store, primary school, and two public houses, making it a practical choice for families and commuters alike. Inside, the layout of The Gables includes three bedrooms and various living spaces that can be transformed to suit modern needs. An entryway through an outhouse/utility area leads to a welcoming hall from which you can access a kitchen and adjoining sunroom. The ground floor also houses a wet room equipped with essential facilities, alongside two reception rooms—one featuring charming bay windows and the other boasting an open fireplace that adds to the property's character. On the upper level, the master bedroom offers fitted wardrobes while two additional double bedrooms provide ample space for storage. A family bathroom completes this floor, equipped with necessary amenities including a shower unit and airing cupboard. Additionally, there is dry cellar space housing a gas Ideal Mexico Boiler that supports the central heating system and further storage options. Outside, the presence of a workshop enhances the property’s utility while providing additional avenues for customization or expansion as desired. Mains gas and electricity are readily connected. For prospective buyers interested in exploring The Gables’ renovation possibilities further, various surveys are accessible for review upon request. This property stands as an excellent candidate for those wishing to create their ideal living space while benefiting from its investment potential. Viewings are available by appointment only. An Energy Performance Certificate (EPC) can also be provided upon request.

Investment Analysis

(LE10 area)
Area Average
£279/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE10)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 2.3%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on LE10 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

The Gables, Chapel Lane, Sharnford, Sharnford, Leicestershire, LE10 3PE
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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
£3,114
Based on a loan of £637,500 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