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Colby Drive, Thurmaston, Leicester, Leicestershire, LE4 - Image 1
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Colby Drive, Thurmaston, Leicester, Leicestershire, LE4

East Midlands

£350,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1342 sqft

Description

This spacious three-bedroom detached bungalow is set on a generous plot, presenting a noteworthy opportunity for investors and buyers interested in renovation potential. The property features three well-sized bedrooms, a welcoming reception area, and a bright conservatory that enhances the living space. The practical breakfast kitchen offers functionality, while the bathroom is equipped with both a bathtub and a raised wet-room shower cubicle, complemented by an additional separate WC nearby for convenience. Outside, there is plenty of off-road parking available to both the front and rear, leading to a double garage at the back of the property. The well-sized garden is surrounded by established foliage, providing privacy and greenery. Notably, the loft space is fully boarded and includes a descending ladder; prior plans have even been drafted for converting this area into additional living space with a permanent staircase—ideal for those looking to expand. The presence of 20 solar panels not only contributes to energy efficiency but also supports sustainability efforts, giving this property an impressive efficiency rating of B. With ample outdoor space and layout flexibility, this bungalow holds significant promise for future developments such as dormer extensions (subject to planning permissions).

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -10.3% below area average per sq ft

-10.3%
Potential saving
This Property
£261/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £50,000
Target Value
£429,427
10% above area average per sq ft
Potential ROI
+7.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on LE4 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

Colby Drive, Thurmaston, Leicester, Leicestershire, LE4
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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
£1,282
Based on a loan of £262,500 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