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West Leake Road, East Leake

East Midlands

£325,000
Listed on 28/03/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
887 sqft

Description

This period bay-fronted semi-detached house features three bedrooms and is located in the sought-after village of East Leake on West Leake Road. With no upward chain, this property presents an appealing opportunity for both homeowners and investors. The current layout allows for substantial renovation potential, including the possibility of extending the property to the side and rear with appropriate planning permissions. Spanning approximately 887 square feet, the interior boasts a spacious and airy feel, characteristic of its era, thanks to high ceilings and well-proportioned rooms. The entrance hall leads to a light-filled sitting room with a charming bay window and a separate kitchen/diner. An additional external door provides convenient access to the side of the property, enhancing usability. Upstairs, you will find three bedrooms along with a family bathroom. Notably, one bedroom has excellent potential for reconfiguration; opening up this space could create an expansive principal suite to suit modern living preferences. The exterior of the property is set back from the road and includes a driveway alongside a carport, providing ample off-street parking. The rear garden is well-established, offering room for landscaping projects or outdoor enhancements, making it an inviting area for leisure or gardening. East Leake is known for its vibrant community atmosphere and offers an array of local amenities such as bakeries, greengrocers, and coffee shops. Families will appreciate the quality schools within reach, while outdoor enthusiasts can explore beautiful countryside walks nearby. With easy access to both Loughborough and Nottingham by car or via public transport options, this location balances convenience with charm. This property not only promises comfortable living but also represents a solid investment opportunity in a desirable area that continues to attract interest due to its community spirit and accessible amenities.

Investment Analysis

(LE12 area)

Above Market Value

This property is priced +23.7% above area average per sq ft

+23.7%
This Property
£366/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£289,100
10% above area average per sq ft
Potential ROI
-20.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE12)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 2.6%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on LE12 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

West Leake Road, East Leake
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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
£1,191
Based on a loan of £243,750 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