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Hazel Road, Loughborough, Leicestershire - Image 1
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Hazel Road, Loughborough, Leicestershire

East Midlands

£220,000
Listed on 06/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
2289 sqft

Description

This property presents a unique opportunity for buyers keen on home enhancement and investment potential. With approved planning permission for an extension to the main dwelling and the addition of a detached annexe in the garden, groundwork has already commenced with footings dug, making it easier for new owners to accelerate their development plans. The current layout includes two spacious bedrooms, with potential for adding an en-suite bathroom to the principal room, along with a modern four-piece bathroom nearing completion. The extensive plot size allows for further enhancements or reconfiguration (pending final approvals), making this an enticing project for developers or those looking to add significant value. Externally, the bungalow features a generous driveway that accommodates ample off-road parking—an attractive aspect for both resale and rental markets. Positioned conveniently near Tesco Extra and Loughborough town centre, along with various shops and transport links, this property is not only about comfortable living but also future financial growth through additional income streams from the annexe or multi-generational use. With much of the initial groundwork completed and professional fees already managed, this property offers a streamlined path toward realising its full potential.

Investment Analysis

(LE11 area)

Below Market Value

This property is priced -64.2% below area average per sq ft

-64.2%
Potential saving
This Property
£96/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£374
Avg Yield
7.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£676,686
10% above area average per sq ft
Potential ROI
+150.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (LE11)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 3.4%
5 year growth: 13.4%
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

Hazel Road, Loughborough, Leicestershire
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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
£806
Based on a loan of £165,000 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