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Heath Drive, Cottesmore

East Midlands

£265,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
847 sqft

Description

Nestled within a generous corner plot in the sought-after village of Cottesmore, this detached two-bedroom bungalow offers an appealing opportunity for those interested in single-storey living with significant renovation potential. The property is well-situated to take advantage of local amenities, bus routes, and the charming market town of Oakham, making it an attractive option for both homeowners and investors. The interior layout is practical and spacious, featuring a central entrance hall that leads into a bright living room suitable for both relaxation and entertaining. The kitchen, positioned at the front of the home, allows easy access to the entrance hall as well as direct entry to the rear garden, presenting possibilities for modernization or reconfiguration according to individual preferences. The accommodation includes two bedrooms located towards the back of the house. Notably, the larger second bedroom provides access to a substantial conservatory that overlooks the private garden space—an ideal spot for enjoying natural light throughout the year. A family bathroom and several storage options round out the living spaces. Externally, the property boasts well-maintained gardens that wrap around the home, offering various outdoor areas which can be utilized for seating or planting projects. The presence of a detached garage along with off-street parking enhances practicality while additional garden sheds and outbuildings present opportunities for creative use as workshops or hobby spaces. With its combination of comfortable living accommodations and extensive outdoor areas, this bungalow is ripe for light modernisation. Its characteristics suggest substantial potential for enhancement, making it an excellent choice for those looking to invest in a property they can truly make their own.

Investment Analysis

(LE15 area)

Above Market Value

This property is priced +3.4% above area average per sq ft

+3.4%
This Property
£313/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£249
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£281,886
10% above area average per sq ft
Potential ROI
-1.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by +2.7% over the last 12 months
3 year growth: 6.8%
5 year growth: 8.2%
Investment Disclaimer: Analysis based on LE15 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

Heath Drive, Cottesmore
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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
£971
Based on a loan of £198,750 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