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Red Hall drive, Bracebridge heath

East Midlands

£240,000

Listed on 05/05/2026

Property Details

Bedrooms
2
Type
Detached
Area
1014 sqft

Description

This detached bungalow is situated in the desirable village of Bracebridge Heath, offering a solid foundation for those looking to invest in a property with significant renovation potential. The home features an inviting entrance porch, a spacious hallway, and a large living room that flows into two generously-sized double bedrooms. Additionally, there is a dining room, conservatory, kitchen, shower room, and separate WC. The outside space includes off-street parking, a garage, and both front and rear gardens that are well-maintained and feature a charming pond. While the interior requires modernisation to unlock its full potential, there is ample opportunity to transform this property by converting the loft space (subject to planning permission) into additional living areas or bedrooms. With gas central heating provided by a newly installed boiler (August 2023) and double glazing throughout, this property is ready for someone to make their mark on it.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -1.9% below area average per sq ft

-1.9%
Potential saving
This Property
£237/sq ft
Area Average
£241/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£268,979
10% above area average per sq ft
Potential ROI
-3.9%
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
9%
Properties sold annually

Local Market Trend (LN4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -0.9%
5 year growth: +6.7%
Investment Disclaimer: Analysis based on LN4 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

Red Hall drive, Bracebridge heath
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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
£907
Based on a loan of £180,000 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

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