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Greenacres Drive, Lutterworth, LE17 - Image 1
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Greenacres Drive, Lutterworth, LE17

East Midlands

£260,000
Listed on 09/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
1130 sqft

Description

This spacious five-bedroom bungalow offers a versatile layout, making it an ideal project for families or investors interested in capitalizing on its renovation potential. The property features two sizable reception rooms, one enhanced with a skylight that floods the space with natural light, while the other boasts French doors leading to a well-cared-for garden. The contemporary kitchen includes an integrated oven and hob along with generous storage options and additional light from a front-facing window. Each of the five bedrooms is neutrally decorated and adaptable, suitable for various uses such as sleeping spaces, home offices, or creative studios. The principal bedroom benefits from an ensuite shower room, complemented by a well-sized main bathroom. The exterior showcases a substantial rear garden complete with both lawn and patio areas, along with a practical garden shed and secure fencing. A brick-paved driveway at the front provides off-road parking for several vehicles. This property's generous dimensions and layout provide an exciting opportunity for enhancements that could significantly increase value. It’s perfect for those looking to inject their style into a home that has ample room for improvement. Located on Greenacres Drive, this bungalow is conveniently near local schools and just a short walk to Lutterworth town centre, which offers independent shops, cafés, supermarkets, and leisure amenities. Commuters will appreciate easy access to major road networks including the M1 and M6, as well as proximity to Rugby Train Station for travel to London Euston in about 50 minutes.

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -24.3% below area average per sq ft

-24.3%
Potential saving
This Property
£230/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£293
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£377,872
10% above area average per sq ft
Potential ROI
+21.9%
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
89%
Properties sold annually

Local Market Trend (LE17)

Area prices are rising by +2.8% over the last 12 months
3 year growth: 1.3%
5 year growth: 8.6%
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

Greenacres Drive, Lutterworth, LE17
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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
£952
Based on a loan of £195,000 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