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Mill Lane, Thurmaston, Leicester

East Midlands

£475,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1662 sqft

Description

This unique three-bedroom detached family home presents a compelling opportunity for renovation and investment, set in a scenic location alongside the River Soar and adjacent to Watermead Country Park. Having been in the same family for over sixty years, the property carries a sense of historical significance and has potential for modernization or expansion, subject to planning permissions. The spacious layout includes an entrance hall leading to a formal living room, study, dining room, and kitchen on the ground floor. Practical spaces like a workshop and coal store enhance functionality, while a convenient WC serves the lower level. The first floor is home to three generously sized double bedrooms and a bathroom, all infused with natural light from large picture windows that highlight the property's character features, including high ceilings and original fireplaces. Externally, the property is set within formal gardens that encircle the house. An additional paddock area provides direct access to the riverfront along with mooring rights for up to two boats—ideal for water enthusiasts. The paddock also offers vehicular access via a five-bar gate as well as a separate pedestrian entrance. Located within walking distance to local schools and Thurmaston Shopping Centre, this residence enjoys easy access to various amenities in nearby Syston, including supermarkets, independent shops, dining options, medical facilities, and recreational centers. Commuters will appreciate the straightforward transport links to major roads such as the A6 and M1/M69 motorway networks. This property not only promises comfortable living but also presents numerous avenues for enhancement or reconfiguration to suit modern tastes or investment strategies. Viewing is essential to appreciate its full potential.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -1.8% below area average per sq ft

-1.8%
Potential saving
This Property
£286/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£531,823
10% above area average per sq ft
Potential ROI
+1.3%
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
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on LE4 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, Thurmaston, Leicester
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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