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Fairfax Close, Newtoft, LN8

East Midlands

£90,000
Listed on 17/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom end-terrace property offers an intriguing opportunity for those looking to invest or personalize a home. Located in a desirable residential area of Newtoft, this property benefits from a practical layout and benefits from an expansive rear garden, all while being close to essential amenities and excellent transport links. The accommodation features an entrance hall leading to a spacious lounge diner, a kitchen with utility space, three comfortably sized bedrooms, as well as a shower room and separate WC. Although the entire property requires comprehensive modernization, it presents significant potential for value enhancement and the creation of a stylish living space. The outdoor area boasts side access and a larger-than-average garden that could lend itself to creative landscaping or even expansion possibilities (subject to planning consent). This represents an excellent chance to transform this blank canvas into a customized dream home or investment property. Viewing is highly recommended to truly grasp the potential here.

Investment Analysis

(LN8 area)
Area Average
£223/sq ft
Avg Rent (weekly)
£226
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +9.7% over the last 12 months
3 year growth: -2.8%
5 year growth: 14.3%
Investment Disclaimer: Analysis based on LN8 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

Fairfax Close, Newtoft, LN8
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£330
Based on a loan of £67,500 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE