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Main Street, Heather

East Midlands

£525,000
Listed on 04/01/2026

Property Details

Bedrooms
6
Type
Detached house
Area
2812 sqft

Description

This period farmhouse, set within a gated community in the village of Heather, presents a unique investment opportunity with significant potential for further development. The home has been meticulously renovated and spans three stories, featuring six spacious double bedrooms alongside two versatile attic rooms that can serve as additional bedrooms or office spaces. Enter through the side boot room into an expansive utility area equipped with an ESSE gas oven, offering ample storage and modern amenities. The heart of the home is a large kitchen/diner that boasts integrated appliances and a breakfast island, all while providing delightful views of the outdoor patio. Two elegantly renovated reception rooms are enhanced by log burners, perfect for cozy gatherings. The property also includes a sizable 150’ cellar and various gardens complemented by an Oak Frame Double Garage/Car port. The renovation work is comprehensive, having seen new plumbing and electrics installed, along with upgraded windows and doors throughout. Additionally, there is compelling potential to acquire five building plots for family homes (subject to planning permission), as the current owner explores options for constructing four new detached residences and redeveloping the existing barn to create a total of six homes within this secure enclave.

Investment Analysis

(LE67 area)

Below Market Value

This property is priced -26.9% below area average per sq ft

-26.9%
Potential saving
This Property
£187/sq ft
Area Average
£256/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£790,313
10% above area average per sq ft
Potential ROI
+30.6%
After renovation
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
37%
Properties sold annually

Local Market Trend (LE67)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -1.3%
5 year growth: 20.2%
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

Main Street, Heather
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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
£1,923
Based on a loan of £393,750 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