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Shaw Lane, Markfield, LE67

East Midlands

£475,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached 3-bedroom property is situated on a spacious 1.50-acre plot, presenting a unique opportunity for renovation or redevelopment. The house, while in need of substantial refurbishment, offers a versatile layout that includes a kitchen, utility room, sitting room, and three bedrooms on the first floor, along with a family bathroom. There are also several outbuildings located in the grounds, which could be repurposed to enhance the property's functionality or value. Located just off Shaw Lane in Leicestershire, this property benefits from its proximity to the A511, making it an appealing option for commuters seeking easy access to major towns and cities in the Midlands. The M1 is only 3 miles away, facilitating connections to broader road networks. Local amenities include a public house and primary school, with additional services available in nearby Coalville and Ashby de la Zouch. The relatively level site provides considerable investment potential; outline planning permission has been granted for the construction of up to four additional dwellings following the demolition of existing commercial buildings. This could offer significant returns for developers or investors looking to capitalize on local housing demand. Accessed via Shaw Lane, the property features off-road parking and has mains electricity, gas, and water nearby—though prospective buyers should verify connectivity options independently. The land is being sold freehold with vacant possession upon completion. For those interested in exploring the renovation possibilities or development potential this property offers, viewings are available by appointment only.

Investment Analysis

(LE67 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£226
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE67)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 0.6%
5 year growth: 22.4%
Investment Disclaimer: Analysis based on LE67 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

Shaw Lane, Markfield, LE67
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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
£1,740
Based on a loan of £356,250 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