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Butt Lane, North Luffenham

East Midlands

£350,000
Listed on 13/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1356 sqft

Description

This three-bedroom semi-detached house offers significant renovation and investment potential, situated in a sought-after village with views of the local park and cricket club. The property features a spacious layout, including a substantial ground floor extension that overlooks the garden, creating ample opportunity to enhance both living and entertaining spaces. The bright living room and practical kitchen/diner are functional as they are, yet could be modernized for improved aesthetics and efficiency. Upstairs, three well-sized bedrooms provide flexibility for families or potential reconfiguration. Notably, the integral garage holds promise for conversion, whether you envision transforming it into a home office, additional bedroom, or gym (subject to necessary permissions). The expansive garden is another highlight, allowing for extensive customization to suit your lifestyle—be it through landscaping or creating entertainment zones. With established borders enhancing privacy and direct access from the extension promoting indoor-outdoor living, this outdoor space is primed for development. Beyond the property itself, its prime location near green spaces complements a tranquil village atmosphere while still being close to essential amenities and transport links. This home represents an excellent opportunity for those looking to invest in a property with substantial refurbishment prospects in a welcoming community.

Investment Analysis

(LE15 area)

Below Market Value

This property is priced -16.1% below area average per sq ft

-16.1%
Potential saving
This Property
£258/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £35,000
Target Value
£458,816
10% above area average per sq ft
Potential ROI
+19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE15)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +5.2%
5 year growth: +7.6%
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

Butt Lane, North Luffenham
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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
£1,249
Based on a loan of £262,500 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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