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Lutterworth Road, Gilmorton, LE17

East Midlands

£275,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Character Property
Area
1606 sqft

Description

This character property situated in the desirable village of Gilmorton presents a noteworthy investment opportunity. While it currently requires modernization, the possibilities for transformation are significant, making it an appealing choice for first-time buyers and investors alike. The layout includes a reception hall that doubles as a dining area, a generous lounge, a breakfast kitchen, a wet room, and a conservatory on the ground floor. The upper level features three bedrooms along with a loft room and a shower room. Externally, the property is complemented by a side driveway and offers a quaint courtyard garden. This home is ready for new owners to realize its full potential through thoughtful renovations.

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -43.8% below area average per sq ft

-43.8%
Potential saving
This Property
£171/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£538,018
10% above area average per sq ft
Potential ROI
+70.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE17)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -0.5%
5 year growth: +4.5%
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

Lutterworth Road, Gilmorton, LE17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£974
Based on a loan of £206,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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