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Wreake Drive, Rearsby, Leicester, LE7 4YZ

East Midlands

£325,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
783 sqft

Description

Nestled in the sought-after village of Rearsby, this three-bedroom detached family home presents a unique opportunity for renovation and investment. Located at the end of a peaceful cul-de-sac, the property allows for creative expansion or modernization (subject to the necessary planning permissions), making it an appealing prospect for buyers looking to personalize their living space. Upon entry, you are welcomed into a practical hallway that leads to various living areas. The lounge/diner features a charming box bay window that captures natural light and includes a wall-mounted gas fire, providing warmth and comfort. This open space offers flexibility for both relaxation and dining, with sliding patio doors that open up to the rear garden, seamlessly connecting indoor and outdoor living. The kitchen has been partially updated with new wall and base units, complemented by essential amenities including a stainless steel sink and cook point. There’s also plumbing available for a washing machine and access to a built-in pantry for added convenience. A door from the kitchen leads directly to the rear garden, enhancing functionality. On the first floor, you will find three well-sized bedrooms accompanied by a family bathroom. Each bedroom benefits from natural light; Bedroom one overlooks the front of the home, while Bedroom two provides views of the garden along with a built-in cupboard housing the Worcester boiler. Bedroom three also features storage options with an over-stair cupboard. The exterior boasts an inviting lawned garden at the front alongside a tarmacked driveway that ensures off-road parking availability. A garage with an up-and-over door adds further practicality. The rear garden is mainly laid to lawn and includes a patio area—ideal for outdoor entertaining or enjoying quiet moments in nature. With no onward chain, this property offers immediate availability and encourages early viewings to explore its potential. This home not only caters to comfortable living but also represents an excellent investment opportunity in an established community.

Investment Analysis

(LE7 area)

Above Market Value

This property is priced +33.7% above area average per sq ft

+33.7%
This Property
£415/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£267,304
10% above area average per sq ft
Potential ROI
-22.5%
After renovation
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

Wreake Drive, Rearsby, Leicester, LE7 4YZ
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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
£1,191
Based on a loan of £243,750 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