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Mount Grace Road, Loughborough, LE11

East Midlands

£385,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This expansive detached residence is nestled within the desirable Mount Grace development, offering a unique opportunity for investors or those looking to create their dream home. Tucked away in a tranquil setting behind the Stonebow Washlands—an area celebrated for its biodiversity—this property stands on a generous corner plot and boasts over 2300 square feet of living space. Originally designed as a four-bedroom home with three reception areas, it has significant untapped potential due to its unfinished extension. Planning permission was granted in 2015 for an extensive wrap-around extension that will add approximately 923 square feet, transforming the layout and providing ample flexibility. While the shell of the new spaces has been constructed, further work is needed to install windows, flooring, utilities, and cosmetic touches throughout. This project represents a prime investment opportunity with the right vision and resources.

Investment Analysis

(LE11 area)
Area Average
£269/sq ft
Avg Rent (weekly)
£365
Avg Yield
7.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LE11)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 3.9%
5 year growth: 15.5%
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

Mount Grace Road, Loughborough, LE11
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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
£1,410
Based on a loan of £288,750 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