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Jubilee Road, North Somercotes

East Midlands

£299,950
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1492 sqft

Description

This spacious three-bedroom link detached bungalow is nestled within the sought-after village of North Somercotes, conveniently located near Jubilee Road and accessible to local amenities and surrounding villages. The property presents an excellent opportunity for renovation, as it is generally well-maintained yet could benefit from some modernization to fully realize its potential. The living space features a welcoming entrance hallway leading to a generous lounge dining area, fitted kitchen, sun room, three bedrooms, and a modern wet room. The bungalow enjoys impressive mature gardens that provide ample outdoor space for expansion or enhancement, along with a significant workshop and separate storage room that offer additional versatile options. With no forward chain, this property offers flexibility in accommodating various living arrangements while presenting investment prospects for those looking to create their dream home in a tranquil setting.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -9.2% below area average per sq ft

-9.2%
Potential saving
This Property
£201/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£363,526
10% above area average per sq ft
Potential ROI
+6.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +13.9%
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

Jubilee Road, North Somercotes
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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 £224,962 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.

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