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Weares Close, Morcott, LE15

East Midlands

£650,000

Listed on 29/04/2026

Property details

Bedrooms
4
Type
Detached
Area
2360 sqft

Description

Nestled in a tranquil cul-de-sac, this spacious four-bedroom detached residence presents an excellent opportunity for both immediate comfort and future expansion. With full planning permission granted to transform the home into a five-bedroom property (Planning Ref: 2022/0996/FUL), this is a unique chance for buyers to enhance their living space while increasing property value. The heart of the home boasts a large and luminous living and dining area, complete with a wood-burning stove that fosters a welcoming atmosphere ideal for family gatherings and entertaining. The well-equipped kitchen, paired with a separate utility room, ensures practicality while offering ample space for modern appliances. Additionally, the dedicated home office provides flexibility for those working from home or pursuing studies. Upstairs, you’ll discover four generously sized bedrooms, with the principal suite featuring an updated en-suite bathroom boasting quality fixtures from Porcelanosa. The family bathroom has also undergone stylish renovations, showcasing an elegant freestanding bath and separate shower facilities. Outside, the landscaped gardens enveloping the property create inviting outdoor spaces perfect for leisure or gardening enthusiasts. A substantial garage equipped with a newly fitted electric door adds to the home's storage solutions. The approved plans allow for significant expansion, making this property not only a comfortable home but also an investment in your future. Located in a well-established neighborhood of East Midlands, it is ideal for families and professionals alike who seek both immediate appeal and long-term potential.

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Investment analysis

(LE15 area)

Below Market Value

This property is priced -9.7% below area average per sq ft

-9.7%
Potential saving
This Property
£275/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£290
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£791,910
10% above area average per sq ft
Potential ROI
+13.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LE15)

Area prices are falling by -6.8% over the last 12 months
3 year growth: -0.4%
5 year growth: +2.0%
Investment Disclaimer: Analysis based on LE15 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

Weares Close, Morcott, LE15
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 over 30 years at 4.45% 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

Next Steps

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