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King Street, Nether Broughton, LE14

East Midlands

£1,175,000
Listed on 02/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
2587 sqft

Description

Set at the end of a quiet no-through road, this three-bedroom residence at Flax Farm presents a unique opportunity for investment and renovation. Spanning over 2,500 sq. ft, the property features generous ground floor living space that includes three reception rooms, a study/office, and a bright conservatory with views of the landscaped gardens. The well-appointed kitchen stands out with its bespoke solid beech cabinetry from Habitat's 1960s range, complete with a pantry and a log burner connecting to the adjoining sitting room. Furthermore, there is potential to transform part of the ground floor into an independent annex due to its existing layout. On the first floor, you’ll find three bedrooms and a bathroom, with the main bedroom boasting a Juliet balcony, dressing area, and en-suite shower room. Notably, detailed planning permission has been granted for an extension that would add another bedroom and bathroom, increasing accommodation capacity significantly. The well-maintained garden enhances the tranquil country setting with beautiful lawns and mature trees providing privacy. An extensive gravel driveway offers ample off-road parking and access to an oak-framed carport. For equestrian enthusiasts, Flax Farm excels with comprehensive facilities that include visible stables from the house for easy oversight. The property comprises three loose boxes, a feed room, tack room, workshop, hay barn, and tractor store. Current paddocks can be adapted to your needs and include recent enhancements like a dry turnout area. A professionally surfaced menage complements these facilities for year-round riding. This property not only offers comfortable living but also significant scope for expansion and personalization through renovations that could enhance both its value and functionality in this desirable East Midlands location.

Investment Analysis

(LE14 area)

Above Market Value

This property is priced +57.7% above area average per sq ft

+57.7%
This Property
£454/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£237
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£819,704
10% above area average per sq ft
Potential ROI
-35.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE14)

Area prices are rising by +8.9% over the last 12 months
3 year growth: 2.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LE14 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

King Street, Nether Broughton, LE14
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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
£4,304
Based on a loan of £881,250 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