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Long Lane, Brauncewell

East Midlands

£400,000
Listed on 31/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1271 sqft

Description

Nestled in the peaceful hamlet of Brauncewell, this three-bedroom character cottage presents a unique opportunity for renovation and investment. With picturesque countryside views and proximity to RAF Cranwell, the location offers both tranquility and accessibility to local amenities. The property features a traditional layout with several potential areas for improvement. The ground floor includes a welcoming entrance hall that leads into a spacious lounge, enhanced by natural light from the front bow window, and features an open fireplace set in a stone surround—ideal for cozy winter evenings. The kitchen/dining area provides ample space for culinary pursuits, equipped with existing units and plumbing for modern appliances. A utility room adds further practicality to the living space with additional storage options. Completing the ground floor is a shower room and an adjoining cloakroom, making it suitable for families or guests. Moving upstairs, you’ll find three comfortable bedrooms that benefit from dual aspects, ensuring plenty of natural light throughout the day. The family bathroom, although functional, presents an excellent canvas for those looking to update fixtures or expand the space. One of the standout features of this property is its generous garden positioned at the front. Largely laid to lawn, it not only enhances the character of the home but also offers significant potential for expansion (subject to planning permission). A driveway leads to a large single garage, providing additional storage solutions or possible conversion opportunities. With all services connected except gas, this freehold property is ready to be shaped into a modern family home while retaining its inherent charm. The absence of a chain simplifies the purchasing process, making this cottage an attractive prospect for buyers seeking an investment with scope for customization in a desirable rural setting. Early viewings are encouraged to appreciate both its current features and future possibilities.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +47.9% above area average per sq ft

+47.9%
This Property
£315/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£297,586
10% above area average per sq ft
Potential ROI
-32.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on LN5 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

Long Lane, Brauncewell
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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
£1,465
Based on a loan of £300,000 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