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Russell Way, Higham Ferrers

East Midlands

£230,000
Listed on 28/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1066 sqft

Description

Nestled in the vibrant community of Higham Ferrers, this spacious three-bedroom property offers an array of promising renovation and investment opportunities. The first floor features three well-proportioned bedrooms, each equipped with built-in storage solutions, complemented by a separate bathroom and WC—perfect for families seeking additional convenience. On the ground floor, a traditional lounge welcomes you with its feature fireplace, providing a cozy ambiance. Adjacent to this space is a bright dining room that boasts French doors leading out to the rear garden, allowing for ample natural light. The kitchen, located off the dining area, presents an excellent chance for reconfiguration; consider an open-plan design that could enhance the flow and functionality of the living space. An additional highlight is the generous outbuilding accessible from the kitchen. Previously used as coal sheds, this versatile structure includes plumbing and an outside toilet, presenting various possibilities for conversion into a utility room, home office, or even a downstairs cloakroom—subject to appropriate permissions. The rear garden offers considerable outdoor space mainly laid to lawn, adorned with mature shrubs and bushes. It also features a patio area suitable for outdoor seating. Convenient side access leads to off-road parking in front of the property, while ample visitor parking is available directly opposite. There’s even a handy cut-through to a nearby park ideal for outdoor activities such as dog walking or family outings. With its existing layout and solid foundation, this home represents an exciting canvas for those looking to invest in modifications that reflect their personal tastes or increase its market value.

Investment Analysis

(NN10 area)

Below Market Value

This property is priced -19.5% below area average per sq ft

-19.5%
Potential saving
This Property
£216/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£314,374
10% above area average per sq ft
Potential ROI
+20.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NN10)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 0.4%
5 year growth: 22.3%
Investment Disclaimer: Analysis based on NN10 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

Russell Way, Higham Ferrers
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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
£843
Based on a loan of £172,500 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