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Ploughmans Lea, East Goscote, LE7

East Midlands

£280,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow, held by the same family since 1979, presents a unique opportunity for renovation enthusiasts and investors. Located in a desirable residential area of East Goscote, the property is conveniently positioned near local amenities, making it an attractive option for families or those looking to downsize. The interior features an entrance porch that leads into an L-shaped hallway providing access to key living areas. The spacious reception room is designed for both relaxation and dining, enhanced by large dual-aspect windows that invite natural light. A breakfast kitchen offers a functional layout with built-in appliances, including a double oven and four-ring hob, while also providing potential for modern updates. Adjacent to the kitchen is a conservatory with views over the back garden, expanding the living space and inviting year-round use. All three bedrooms come equipped with built-in wardrobes, accommodating various needs—two are generous doubles ideal for family members or guests, while the third serves well as a single bedroom or study. The classic bathroom includes a traditional three-piece suite but could benefit from contemporary fixtures to elevate its appeal. Outside, the property features a driveway that can accommodate up to four vehicles and leads to a single garage with power and lighting. The rear garden is notably private and offers ample space for outdoor activities or further landscaping projects. With its paved seating area and established plants, this garden invites opportunities for enhancement or redesign to create an inviting outdoor retreat. This bungalow represents not only a comfortable residence but also significant investment potential through modernization efforts. Whether you're contemplating your first project or looking to expand your portfolio, this property’s location and layout provide an excellent foundation for transformation. The tenure is freehold with vacant possession upon completion, making it an accessible choice for buyers ready to invest their vision into this space. Viewing arrangements are available strictly by appointment only.

Investment Analysis

(LE7 area)
Area Average
£310/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Ploughmans Lea, East Goscote, 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
£1,026
Based on a loan of £210,000 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