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Stamford Drive, Leicester, LE7

East Midlands

£450,000
Listed on 05/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1619 sqft

Description

Nestled in the charming village of Cropston, this two-bedroom detached bungalow offers a unique opportunity for renovation and investment. Originally designed as a three-bedroom home, it has been thoughtfully modified to enhance the living space, providing a versatile layout that can adapt to modern needs. Upon entering, you are greeted by a hallway leading to two well-sized bedrooms, both equipped with built-in wardrobes for convenient storage. The spacious lounge serves as the heart of the home, offering views of the rear garden and creating an inviting atmosphere for relaxation or entertaining. The previous third bedroom has been transformed into an open dining area that connects seamlessly with the lounge, encouraging sociability and flow throughout the space. A standout feature is the sunroom, which invites abundant natural light and provides access through sliding doors to both side and rear gardens. This area offers great potential for customization—a perfect spot to create an indoor oasis or a cozy reading nook. The kitchen comes equipped with practical features including base and wall units, a gas hob with double ovens, and an extractor fan. A side door leads to a covered passageway that facilitates easy access to the garden and the substantial double garage—ideal not only for parking but also for additional storage or workshop possibilities. The bathroom is spacious and functional, featuring both a bathtub and a separate walk-in shower—an excellent configuration for family living. Outside, the private rear garden presents an array of possibilities; whether you're an avid gardener or simply seeking a tranquil retreat to unwind, this area promises room for creativity. The double garage complements the property well while a dedicated workshop at the rear enhances its utility—perfect for DIY projects or hobby enthusiasts. While this bungalow has been cared for over the years, it does present opportunities for modernization tailored to your personal tastes. From refreshing decor to reimagining spaces, there's ample scope to transform this property into something uniquely yours. Located in a peaceful residential area of Cropston, residents benefit from proximity to beautiful natural surroundings such as Bradgate Park and Cropston Reservoir—ideal locations for leisurely walks. Local amenities like friendly pubs—the Badger’s Sett and The Bradgate Arms—enhance community life while offering great dining options. This property stands out as an exceptional chance to invest in a sought-after village setting while crafting your ideal living space.

Investment Analysis

(LE7 area)

Below Market Value

This property is priced -10.4% below area average per sq ft

-10.4%
Potential saving
This Property
£278/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£552,702
10% above area average per sq ft
Potential ROI
+12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by +2.2% over the last 12 months
3 year growth: 4.0%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on LE7 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

Stamford Drive, Leicester, LE7
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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
£1,648
Based on a loan of £337,500 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