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Jubilee Road, North Somercotes

East Midlands

£299,950
Listed on 06/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1492 sqft

Description

This spacious three-bedroom link-detached bungalow is nestled in the sought-after village of North Somercotes, conveniently located just off Jubilee Road. The property benefits from having no forward chain, making it an appealing opportunity for buyers eager to move quickly. Surrounded by well-established private gardens, this home also features a substantial workshop and an additional storage room on the grounds. The bungalow itself offers a layout that provides both comfortable living spaces and the potential for renovation. While the interiors would benefit from some contemporary updates, it is in tidy condition and has been well-maintained over the years. The accommodation includes an entrance hallway with a loft hatch and radiator, a generous lounge/dining area, a fitted kitchen leading into a sunroom, three bedrooms, and a modern wet room suite. On approach, you'll find a lengthy driveway leading to the front garden, which is adorned with established borders. The rear garden stands out with its expansive mature plot that not only offers ample space for outdoor entertaining but also presents exciting possibilities for extension or further development. The large workshop could easily be transformed into a versatile space depending on your needs, while the sectional storage room adds extra practicality. The location itself is advantageous, offering easy access to local amenities as well as neighboring villages. This property holds excellent investment potential for those looking to add personal touches or explore expansion options within such a desirable setting.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -8.8% below area average per sq ft

-8.8%
Potential saving
This Property
£201/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£361,638
10% above area average per sq ft
Potential ROI
+11.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.0%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £224,962 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