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Mallard Avenue, Groby, LE6

East Midlands

£350,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1076 sqft

Description

This three-bedroom detached property is situated in a quiet cul-de-sac within the village of Groby, an area known for its community feel and accessibility to essential amenities, including local shops and reputable primary and secondary schools. With no upward chain, this home presents an excellent opportunity for both homeowners and investors looking to capitalize on its renovation potential. Upon entering, you are welcomed by a spacious hallway that leads to a generous through lounge/diner. This light-filled area, benefiting from large front-facing windows and a rear window overlooking the garden, features a charming fireplace that adds character. The adjacent breakfast kitchen is equipped with Shaker-style cabinetry and offers ample space for culinary activities; however, it holds significant potential for modern upgrades or reconfiguration according to personal taste. The first floor comprises two well-sized double bedrooms and a third single room, providing flexible accommodation options. The bathroom is functional but could be transformed into a contemporary space with thoughtful renovations. Externally, the property features a lawned front garden accompanied by a driveway that leads to an attached single garage. The rear garden predominantly consists of lawn with a flagstone patio, bordered by established plants—ideal for outdoor enjoyment yet ripe for enhancement or landscaping possibilities. With opportunities for extension to the side and rear (subject to necessary planning permissions), this property not only serves as a comfortable family home but also stands as an appealing investment prospect for those looking to add value over time.

Investment Analysis

(LE6 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£325/sq ft
Area Average
£303/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£358,217
10% above area average per sq ft
Potential ROI
-4.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LE6)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 1.6%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on LE6 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

Mallard Avenue, Groby, LE6
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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
£1,282
Based on a loan of £262,500 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