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School Lane, South Croxton

East Midlands

£395,000
Listed on 01/03/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached home, located in the desirable village of South Croxton, presents a significant opportunity for renovation and investment. The property is being offered with no upward chain and requires modernization throughout, allowing new owners to tailor the space to their preferences. Upon entering, you are greeted by an entrance hall that leads to various living areas on the ground floor. The spacious lounge features dual aspect windows that invite natural light and includes a cozy stone fireplace. Adjacent to the lounge is the dining room, which overlooks the rear garden. The kitchen, while currently in need of a complete refit, boasts ample space for redesign and includes dual windows allowing for pleasant views of the surroundings. A conservatory at the back opens onto the south-facing rear garden, creating an inviting transition between indoor and outdoor spaces. The bathroom on this level features fundamental amenities but offers potential for updating as desired. Moving upstairs, you'll find three bedrooms that vary in size and layout. The master bedroom benefits from countryside views and an ensuite shower room. Notably, there is also a storage room which could be converted into an additional bedroom with proper planning permissions—further enhancing the property's appeal. Externally, generous off-road parking and a double garage provide practicality for residents. The front yard is thoughtfully landscaped while providing access to both sides of the property leading to a private patio area in the rear garden. The expansive outdoor space is complemented by established shrubs and a summer house for enjoyment during sunny days. This property not only offers immediate comfort but also presents a unique chance for investors or homeowners looking to create value through renovations. With its prime location in South Croxton—a village known for its community spirit—this home has excellent potential for appreciation as local amenities continue to develop, making it an attractive consideration for both personal use or investment purposes.

Investment Analysis

(LE7 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£273
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£39,500 - £98,750
10-25% of property value
Monthly Sales
38
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LE7)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 7.3%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on LE7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

School Lane, South Croxton
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