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Mill Lane, Thurmaston, Leicester

East Midlands

£475,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1662 sqft

Description

This property presents a unique chance to acquire a three-bedroom detached family home, set in a scenic location adjacent to the River Soar and Watermead Country Park. With no upward chain, the opportunity is ripe for buyers looking to invest in a residence with significant potential for renovation and development (subject to planning permissions). The property has been in the same family for over sixty years, reflecting its historical importance in the area. The spacious layout features an entrance hall, a formal living room, a study, a dining room, a kitchen, workshop space, and a WC on the ground floor. The first floor accommodates three generous double bedrooms and a bathroom. Characterful attributes such as high ceilings and large windows contribute to the bright ambiance of the home. Externally, formal gardens envelop the house and an adjacent paddock accessible via both vehicle and pedestrian gates adds valuable outdoor space with direct river frontage. Such land offers exciting possibilities for further development or enhancement. Conveniently positioned within walking distance of local schools and shopping amenities while maintaining quick connections to major road networks, this property is ideal for those looking to blend peaceful rural living with easy access to urban conveniences. Viewing is recommended by appointment only.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -1.3% below area average per sq ft

-1.3%
Potential saving
This Property
£286/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£529,538
10% above area average per sq ft
Potential ROI
-4.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +5.2%
5 year growth: +26.7%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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