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Farm Close, Somercotes

East Midlands

£260,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Situated in the quiet area of Somercotes, this four-bedroom detached home presents a spacious layout ideal for family living on a generous plot. The property features ample outdoor space with parking capacity for multiple vehicles and a detached garage, enhancing its appeal for potential buyers seeking to invest or renovate. Available with no onward chain, it stands as a promising opportunity for those looking to establish a long-term family residence while also considering upgrades and improvements. The ground floor comprises a welcoming porch leading to a hallway, a well-sized lounge, and an independent dining room, along with a utility room equipped with a ground floor WC. The kitchen, which connects to a side porch, provides essential functionality but could benefit from modernisation. Moving to the upper level, you will find four generously sized bedrooms alongside a family bathroom that offers basic amenities yet holds potential for enhancement. Externally, the property boasts extensive gardens at both the front and rear, perfect for creating outdoor entertainment areas or further landscaping projects. The driveway leads directly to the detached garage and opens up various possibilities for improvements or extensions. Conveniently located near local educational institutions and transport routes, this property is ripe for transformation into a desirable family home.

Investment Analysis

(DE55 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (DE55)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on DE55 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

Farm Close, 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
£952
Based on a loan of £195,000 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