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Greenacres Drive, Lutterworth

East Midlands

£275,000
Listed on 22/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1074 sqft

Description

This three-bedroom detached property is situated in a well-regarded residential neighborhood, offering significant renovation potential for those interested in creating a bespoke family home. With opportunities to extend and modernize, this residence presents an appealing project for investors or homeowners alike. The property includes a driveway capable of accommodating multiple vehicles and an integral garage that holds potential for conversion into additional living space (subject to planning consent). Ideally located near the amenities of Lutterworth town center, this home is conveniently positioned for easy access to local shops, dining options, and schools renowned in the area. Upon entrance, a welcoming porch leads into a spacious sitting room designed to capitalize on natural light through its large front-facing windows. The room features a gas fireplace that could be enhanced and serves as a central point for family gatherings. Adjacent to this is the dining area which opens directly into the rear garden via sliding patio doors, providing an excellent flow for entertaining. The kitchen offers broad scope for redesign and modern updates. Currently fitted with extensive cabinetry and workspace overlooking the garden, it connects seamlessly with functional areas such as the cloakroom and garage access. On the first floor, a bright landing leads to three generously sized double bedrooms along with a family bathroom. The principal bedroom benefits from built-in storage while the other two bedrooms offer pleasant views of either side of the property. The family bathroom features essential amenities including a bath with shower attachment. Externally, the south-east facing garden captures ample sunlight throughout the day and is complemented by a patio area suited for outdoor dining. Alongside mature planting, there is convenient side access leading back to the front of the house.

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -15.9% below area average per sq ft

-15.9%
Potential saving
This Property
£256/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£359,795
10% above area average per sq ft
Potential ROI
+14.2%
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

Greenacres Drive, Lutterworth
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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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