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Baileys Lane, Burton Overy, Leicester, LE8 9DD

East Midlands

£650,000
Listed on 04/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached home presents a unique opportunity for renovation and investment, nestled in a generous 0.35-acre plot in the tranquil village of Burton Overy. The property currently features multiple living spaces, including an inviting reception area, a lounge with a charming brick fireplace, and a versatile garden room that flows into the outdoor space. The kitchen is functional as-is but offers ample potential for modernisation or reconfiguration to create an open-plan layout. With three bedrooms, including a ground-floor option complete with an en-suite, there is flexibility for various uses such as guest accommodations or home office space. Significant appeal lies in the approved planning permission for substantial extensions and remodels to transform this home into an impressive six-bedroom residence totaling approximately 300 sq m (3,229 sq ft). The proposed plans envision inviting living spaces filled with natural light, creating a seamless connection to the picturesque surroundings. This project allows future owners to craft their ideal family home while enjoying the benefits of village life alongside easy access to nearby Leicester and Market Harborough. The outdoor areas are equally promising, featuring both front and rear gardens with potential for landscaping enhancements. Additionally, there's a double garage that provides both storage and utility functions. This property represents not only a residential purchase but also an investment opportunity to develop a significant family estate in an enviable location.

Investment Analysis

(LE8 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£263
Avg Yield
3.8%

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
40
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (LE8)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 0.2%
5 year growth: 12.9%
Investment Disclaimer: Analysis based on LE8 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

Baileys Lane, Burton Overy, Leicester, LE8 9DD
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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
£2,381
Based on a loan of £487,500 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