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Rycroft Road, Hemington

East Midlands

£400,000
Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Cottage

Description

This two-bedroom detached cottage presents a unique opportunity for renovation and investment, situated on an expansive plot of approximately 4.36 acres in the outskirts of Hemington village. Originally utilized as a market garden, this property not only offers a charming rural living space but also potential for agricultural or equestrian uses, thanks to its substantial land area. The home includes a reception hall, lounge, dining/sitting room, and a fitted breakfast kitchen, along with two bedrooms and a ground-floor bathroom. While the property is in need of general updating—particularly in areas such as the boiler and double glazing—it boasts original characteristics that can be restored or reimagined. The outdoor features include a utility/laundry room, double garage/carport, tractor shed, and additional storage buildings. Given its generous land size and location with no upward chain, this property could serve as an excellent project for those looking to create their ideal countryside retreat while capitalizing on local amenities and transport connections to nearby towns such as Castle Donington.

Investment Analysis

(DE74 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£209
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DE74)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -7.6%
5 year growth: +10.0%
Investment Disclaimer: Analysis based on DE74 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

Rycroft Road, Hemington
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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
£1,427
Based on a loan of £300,000 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.

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