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Spruce Avenue, Loughborough

East Midlands

£550,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1845 sqft

Description

This four-bedroom family home presents a promising opportunity for renovation and investment. Located in a sought-after area of Loughborough, the property offers convenient access to essential amenities such as reputable schools, Loughborough University, supermarkets, and local dining options. Nature enthusiasts will also benefit from nearby parks and green spaces ideal for outdoor activities. The accommodation includes four bedrooms, an en-suite bathroom, a family bathroom, a ground floor WC, utility room, lounge, dining room, study, and kitchen-diner. The spacious rear garden features established borders and a patio area, providing a blank canvas for landscaping or outdoor entertainment improvements. Additionally, the double garage and ample driveway parking enhance the property's functionality. Transport links are excellent with easy connectivity to major routes like the M1 and A6, alongside proximity to Loughborough Railway Station. This location enables straightforward commutes to cities such as London and Edinburgh. With its solid structure and generous space layout, this property is well-positioned for updates that could significantly increase its value. Potential renovations could focus on modernizing living spaces and enhancing the outdoor environment to attract future buyers or renters.

Investment Analysis

(LE11 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£298/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£374
Avg Yield
7.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£545,428
10% above area average per sq ft
Potential ROI
-7.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (LE11)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 3.4%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on LE11 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

Spruce Avenue, Loughborough
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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
£2,015
Based on a loan of £412,500 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