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Main Street, Heather

East Midlands

£525,000
Listed on 07/03/2026

Property Details

Bedrooms
6
Type
Detached house
Area
2812 sqft

Description

This charming three-storey period farmhouse is situated in the desirable village of Heather and comes with the advantage of no upward chain. Featuring six spacious double bedrooms, this property offers considerable renovation potential, especially on the top floor where there are two additional rooms that could serve as offices or extra bedrooms. The property benefits from a private gated development setting. Accessing the home through a side boot room, you enter a sizeable utility area complete with a gas-fired ESSE oven and ample storage units. Adjacent to this space is a convenient cloakroom. The kitchen/diner is particularly noteworthy, boasting large glass sliding doors that lead out to the patio and is fitted with modern integrated appliances alongside an inviting breakfast island. Additional reception areas enhance the living space, both featuring newly installed log burners. A generous 150’ cellar provides further functional space, perfect for storage or potential conversion. On the first floor, four well-proportioned double bedrooms include two en-suites, accompanied by a stylish family bathroom. Ascending to the top floor reveals four attic rooms plus a cloakroom—ideal for conversion into additional bedrooms or office spaces based on your needs. The exterior features gardens at the front, side, and rear, along with an oak frame double garage/car port. This property has been thoroughly renovated down to its brickwork—complete rewiring and plumbing upgrades have been executed alongside new windows and flooring throughout. Moreover, there is an exciting investment opportunity with potential building plots available subject to planning permission (STPP). The owner is exploring plans for constructing four new detached homes alongside redeveloping an existing barn within this exclusive gated community.

Investment Analysis

(LE67 area)

Below Market Value

This property is priced -27.2% below area average per sq ft

-27.2%
Potential saving
This Property
£187/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£793,406
10% above area average per sq ft
Potential ROI
+31.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (LE67)

Area prices are falling by -2.4% over the last 12 months
3 year growth: -3.2%
5 year growth: +17.9%
Investment Disclaimer: Analysis based on LE67 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

Main Street, Heather
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 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.

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