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3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 1
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 2
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 3
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 4
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 5
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 6
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 7
3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ - Image 8

3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ

East Midlands

£300,000
Listed on 11/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1869 sqft

Description

This auction property presents a noteworthy development prospect within a sought-after village in the East Midlands. The main structure is a period detached house featuring three bedrooms, two reception areas, a kitchen, and cellar space, alongside various attached outbuildings. On a generously sized plot, there is potential for substantial renovation of the existing house as well as the possibility to construct three detached bungalows in the rear garden, subject to obtaining necessary planning permissions. Each of these bungalows could accommodate three bedrooms and offer parking options along with a separate garage designed with an office above. For those looking to invest in real estate improvement and expansion, this property offers both immediate renovation opportunities and long-term development potential.

Investment Analysis

(LE12 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£161/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£618,106
10% above area average per sq ft
Potential ROI
+54.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
87
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE12)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +0.4%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on LE12 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

3 Mill Lane, Belton, Loughborough, Leicestershire LE12 9UJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,070
Based on a loan of £225,000 over 30 years at 3.97% 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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