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Mill Hill, LE16

East Midlands

£120,000
Listed on 11/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1000 sqft

Description

This semi-detached cottage presents a unique opportunity for investors and renovators alike in the charming village of Lubenham, Leicestershire. Originally three separate one-bedroom cottages, the property has been merged into a single dwelling but retains substantial potential for reconfiguration and enhancement to suit modern family needs. The ground floor comprises a lounge along with two kitchen/dining areas, leading up to three bedrooms on the first floor, complemented by a family bathroom and an additional shower room. With generous front gardens and various outbuildings for storage, there's ample space for expansion or outdoor improvements. Notably, the property is currently in need of significant renovation, making it an appealing project for cash buyers seeking to transform it into a spacious family home or rental investment. The sale also includes multiple titles covering adjacent properties, offering further possibilities for development or consolidation post-purchase.

Investment Analysis

(LE16 area)

Below Market Value

This property is priced -63.7% below area average per sq ft

-63.7%
Potential saving
This Property
£120/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£268
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£363,660
10% above area average per sq ft
Potential ROI
+73.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LE16)

Area prices are falling by +5.0% over the last 12 months
3 year growth: -4.1%
5 year growth: 6.2%
Investment Disclaimer: Analysis based on LE16 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

Mill Hill, LE16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% 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.

Next Steps

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