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Glenfield Frith Drive, Glenfield

East Midlands

£600,000
Listed on 25/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1941 sqft

Description

This spacious bungalow, located in the appealing area of Glenfield, presents a unique opportunity for renovation and potential investment. Boasting four generously sized bedrooms, it offers ample accommodation suitable for families or those needing extra space for guests or a home office setup. The two sizable reception rooms allow for comfortable living and entertaining, making this property an inviting space to host gatherings.<br><br>Set on a substantial plot of approximately 1/3 acre, the outdoor area provides numerous possibilities for enhancement. Whether you envision creating beautiful landscaped gardens, expanding the living space through extensions (subject to obtaining necessary planning permissions), or adding recreational features like a children's play area, this property encourages creativity.<br><br>The internal layout is designed with functionality in mind, featuring an entrance hall that leads into a large open plan lounge/dining area, alongside a breakfast kitchen, utility room, WC, and a family bathroom. This setup suggests significant potential for modernizing the existing interiors or even reconfiguring the layout to suit contemporary living needs.<br><br>With some investment and vision, this property could be transformed into a welcoming family home within an established community. Additionally, the possibility to build another dwelling within the grounds further enhances its appeal as an investment opportunity. Conveniently located near local amenities and transport links adds to its desirability.

Investment Analysis

(LE3 area)

Above Market Value

This property is priced +22.3% above area average per sq ft

+22.3%
This Property
£309/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£265
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£539,540
10% above area average per sq ft
Potential ROI
-22.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on LE3 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

Glenfield Frith Drive, Glenfield
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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
£2,198
Based on a loan of £450,000 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