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Russell Way, Higham Ferrers

East Midlands

£230,000
Listed on 27/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1066 sqft

Description

Nestled in the quaint community of Higham Ferrers, this spacious residence presents an excellent opportunity for buyers seeking to invest in a property with notable potential. The first floor features three well-proportioned bedrooms, each equipped with fitted storage solutions, alongside a separate bathroom and WC, enhancing practicality for families. A distinct advantage of this home is the considerable built-in storage, well-suited for those needing ample living space. On the ground floor, you'll discover a separate lounge complete with a charming feature fireplace, leading into a light-filled dining area that enjoys direct access to the rear garden through French doors. Adjacent lies the kitchen — an area ripe for modernization and reconfiguration to create an inviting open-plan environment, should you wish to knock through. A door from the kitchen takes you to a substantial outbuilding, historically used as coal sheds but now presenting versatile possibilities. This space is plumbed and includes an outdoor toilet, making it an ideal candidate for conversion into a utility room or home office (subject to necessary permissions). The sizeable rear garden is primarily laid to lawn with a patio perfect for entertaining or relaxing amidst established shrubs and foliage. Side access leads from the driveway at the front where off-road parking is available, complemented by additional visitor parking nearby and easy access to local green spaces — perfect for families and pet owners alike. With its existing structure providing a solid foundation, this property offers prospective buyers the chance to tailor it according to their vision while enhancing its value significantly.

Investment Analysis

(NN10 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£216/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£312,205
10% above area average per sq ft
Potential ROI
+15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (NN10)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -0.3%
5 year growth: +19.9%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£830
Based on a loan of £172,500 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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