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The Nook, Bitteswell, Lutterworth Leicestershire LE17 4RY - Image 1
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The Nook, Bitteswell, Lutterworth Leicestershire LE17 4RY

East Midlands

£900,000
Listed on 04/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
3753 sqft

Description

Situated in the charming conservation zone of Bitteswell, this historic Georgian property presents a unique investment opportunity. Deanston House, constructed in 1720, is a former vicarage with significant character, featuring classic Georgian architecture such as high ceilings and traditional proportions. The residence is accompanied by an approved development plot for a detached three-bedroom bungalow, allowing for immediate value enhancement through construction. While the house itself has retained much of its original charm, it may require thoughtful updates to modernize certain aspects. The generous grounds offer privacy and potential landscaping improvements to further enhance outdoor space. This property is well-positioned within one of Leicestershire's most desirable villages, making it an enticing prospect for both restoration enthusiasts and investors alike.

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -20.9% below area average per sq ft

-20.9%
Potential saving
This Property
£240/sq ft
Area Average
£303/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,250,875
10% above area average per sq ft
Potential ROI
+26.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
126%
Properties sold annually

Local Market Trend (LE17)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 2.6%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on LE17 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

The Nook, Bitteswell, Lutterworth Leicestershire LE17 4RY
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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
£3,246
Based on a loan of £675,000 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.

Next Steps

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