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Chapel Lane, Knighton, Leicester

East Midlands

£575,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1765 sqft

Description

This spacious detached bungalow, set on a generous plot in a desirable East Midlands location, presents an exceptional opportunity for those looking to invest in renovation potential. The property offers flexible living arrangements, featuring multiple reception areas and well-proportioned rooms all on one level. The existing layout includes an inviting entrance porch leading into a lounge with a bay window, a family room with a vaulted ceiling, and an open-plan dining area that flows into the breakfast kitchen equipped with modern appliances. Additional spaces include a conservatory, utility cupboard, and four versatile bedrooms, providing ample space for families or conversion into rental units. The home boasts deep frontage with off-road parking and beautifully landscaped gardens that offer privacy and peaceful outdoor areas suitable for expansion (subject to planning permission). This property is well maintained yet offers potential improvements to enhance its value further.

Investment Analysis

(LE2 area)

Above Market Value

This property is priced +16.6% above area average per sq ft

+16.6%
This Property
£326/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£542,455
10% above area average per sq ft
Potential ROI
-13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on LE2 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

Chapel Lane, Knighton, Leicester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,074
Based on a loan of £431,250 over 30 years at 4.06% 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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