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Mill Lane, East Leake

East Midlands

£375,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1233 sqft

Description

This detached bungalow presents a significant opportunity for renovation and investment. Located less than a mile from the village centre, the property is conveniently positioned near various local amenities, including shops, healthcare facilities, and schools, making it appealing for potential renters or future buyers. The surrounding areas of Loughborough, Nottingham, Derby, and Leicester are easily reachable by road or public transport, enhancing its attractiveness to commuters. The accommodation consists of three spacious double bedrooms, a shower room, kitchen, and a generous living/dining area. A sizable porch welcomes visitors at the front, while the rear offers an additional W.C., utility/storage space, and a lean-to conservatory that could be revitalized into a functional indoor-outdoor living area. Externally, the considerable rear garden provides ample space for landscaping or further development potential. The side driveway accommodates several vehicles and features a single garage with an inspection pit – ideal for car enthusiasts or those needing extra storage. Given its location and size, this property is ripe for refurbishment. Investors looking to enhance its value should consider updating key areas such as the kitchen and bathroom while taking advantage of the outdoor space for possible expansion or improvement.

Investment Analysis

(LE12 area)

Above Market Value

This property is priced +2.6% above area average per sq ft

+2.6%
This Property
£304/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£401,872
10% above area average per sq ft
Potential ROI
-3.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (LE12)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 2.6%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on LE12 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

Mill Lane, East Leake
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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
£1,374
Based on a loan of £281,250 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