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Colby Drive, Thurmaston, LE4

East Midlands

£450,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
990 sqft

Description

This detached three-bedroom bungalow offers a unique opportunity for renovation and investment, situated in a tranquil cul-de-sac on a generous plot with considerable development potential, pending planning approval. The property features a classic layout that includes an inviting entrance hall, a spacious living room, three well-sized bedrooms, and a family bathroom. The separate kitchen/diner is complemented by a conservatory that opens out to the expansive rear garden. Although the interior would benefit from modernisation and updating throughout, it presents a solid base for creating a personalised living space. The locale is advantageous for families, being within walking distance of a respected primary school and close to Thurmaston Shopping Village which provides various retail options. Additionally, commuters will appreciate the proximity to the A46 and ring roads for easy access to Leicester city centre. With no upward chain, this property simplifies the purchase process for both homebuyers and investors seeking either personalisation or development opportunities in this desirable residential area. Early viewing is recommended to fully grasp the potential of both the property and its substantial plot.

Investment Analysis

(LE4 area)

Above Market Value

This property is priced +57.4% above area average per sq ft

+57.4%
This Property
£455/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,449
10% above area average per sq ft
Potential ROI
-35.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
68
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +22.3%
Investment Disclaimer: Analysis based on LE4 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

Colby Drive, Thurmaston, LE4
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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
£1,605
Based on a loan of £337,500 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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