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Chapel Lane, Desford, LE9

East Midlands

£475,000
Listed on 21/04/2026

Property Details

Bedrooms
3
Type
Character Property
Area
883 sqft

Description

This charming two to three-bedroom cottage is located within the picturesque conservation area of Desford, offering a unique chance for buyers to invest in a property with significant renovation potential. With approximately 1900 square feet of adaptable living space, this home presents opportunities for both remodeling and extending (subject to relevant planning permissions). The well-situated cottage provides an ideal setting for families, being just seven miles from Leicester and surrounded by idyllic countryside. Key features include a welcoming entrance hall leading to versatile rooms such as a study that could serve as an additional bedroom, a cozy lounge with characterful beamed ceilings, and an open-plan dining room transitioning into a bright garden room with vaulted ceilings. The kitchen stands out with bespoke Shaker units, Quartz work surfaces, and ample space for modern appliances. On the first floor are two generous double bedrooms and a large family bathroom with modern fixtures. Outside, the property boasts a side garage with storage potential as well as gardens that ensure privacy while allowing for possible landscape enhancements. This property is devoid of any upward chain, making it an attractive proposition for those looking to add value through thoughtful renovations.

Investment Analysis

(LE9 area)

Above Market Value

This property is priced +90.2% above area average per sq ft

+90.2%
This Property
£538/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£274,684
10% above area average per sq ft
Potential ROI
-47.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LE9)

Area prices are falling by -2.4% over the last 12 months
3 year growth: +0.6%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on LE9 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

Chapel Lane, Desford, LE9
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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
£1,682
Based on a loan of £356,250 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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