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Mount Grace Road, Loughborough, LE11

East Midlands

£385,000
Listed on 31/01/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This expansive detached residence is located within the desirable Mount Grace development, nestled in a secluded area adjacent to the Stonebow Washlands, a notable local wildlife haven. Ideal for those looking to invest, this largely unfinished project provides a significant opportunity for transformation into a spacious four reception room, five bedroom, three bathroom home spanning over 2300 square feet. The property is set on a substantial corner plot and includes a double garage. The home was originally constructed in the early 1990s and has plans approved since 2015 for an ambitious wrap-around extension that will add approximately 923 square feet of living space. While the basic framework of the new extension has been completed, it still requires essential installations such as windows and flooring on the ground level, along with cosmetic touches throughout. Buyers can expect to engage in both first and second fix plumbing and electrical work before moving forward with interior fittings and design. The area offers excellent amenities including access to major road networks, an array of shopping options, educational facilities from primary to university levels, and various recreational activities. This property presents an exciting blank canvas for buyers eager to invest in a renovation that significantly enhances its value and appeal.

Investment Analysis

(LE11 area)
Area Average
£267/sq ft
Avg Rent (weekly)
£366
Avg Yield
7.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
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
47%
Properties sold annually

Local Market Trend (LE11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 2.8%
5 year growth: 13.0%
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

Mount Grace Road, Loughborough, LE11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,389
Based on a loan of £288,750 over 30 years at 4.06% 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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