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Church Lane, Hoby

East Midlands

£580,000
Listed on 02/01/2026

Property Details

Bedrooms
7
Type
Detached house

Description

Located in a tranquil village on a no-through road, Glebe Cottages presents a rare investment opportunity with three distinct cottages offered as a single package. The potential for individual sales or division into two properties adds to its appeal. All three cottages are currently occupied under Assured Shorthold Tenancies, generating an immediate rental income. 5 Church Lane features oil central heating and retains many original character details, including an entrance hall, living room, dining room, kitchen with utility space, and two bedrooms on the first floor. Currently rented at £540 per month. 7 Church Lane offers electric heating and includes two bedrooms across its lounge, dining room, and kitchen. This cottage is currently let at £525 per month. 9 Church Lane stands out with its oil central heating and three bedrooms, complemented by a wet room and additional bathroom facilities. It commands a higher rent of £895 per month. Shared among the cottages are three brick-built stores that could be utilized or transformed according to future needs. The possibility of obtaining vacant possession following standard notice periods opens avenues for personal occupancy or renovation projects. The cottages are situated within the picturesque Wreake Valley conservation area, known for its scenic countryside walks and strong community spirit. Amenities including pubs and educational institutions in nearby towns enhance their locational advantages, catering well to families or professionals commuting to Melton Mowbray, Leicester, Loughborough, and Nottingham.

Investment Analysis

(LE14 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£237
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE14)

Area prices are rising by +8.9% over the last 12 months
3 year growth: 2.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LE14 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

Church Lane, Hoby
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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
£2,125
Based on a loan of £435,000 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