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Elstree, Ratby Lane, Markfield, Leicestershire LE67 9RJ - Image 1
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Elstree, Ratby Lane, Markfield, Leicestershire LE67 9RJ

East Midlands

£285,000
Listed on 03/03/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached three-bedroom bungalow, set on an expansive 0.6-acre plot in the East Midlands, presents a unique investment opportunity. While the property requires general modernisation, it boasts significant potential for extension or redevelopment, subject to obtaining relevant permissions. The spacious grounds feature a variety of outbuildings, including a three-car garage, a large workshop, and versatile rooms that could serve as a garden room or entertainment area. With easy access to major transport links just two miles away, this property is well-positioned for convenience while offering ample parking through its in-and-out driveway. Utilities such as mains water and three-phase electricity are connected; however, it currently utilizes a septic tank for sewerage. This property invites creative renovation ideas to transform it into an appealing family home or rental investment.

Investment Analysis

(LE67 area)
Area Average
£257/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
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

Elstree, Ratby Lane, Markfield, Leicestershire LE67 9RJ
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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
£1,028
Based on a loan of £213,750 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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