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Gloucester Close, Desford, LE9

East Midlands

£220,000

Listed on 11/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1012 sqft

Description

This three-bedroom detached property in Desford offers an exciting opportunity for those looking to invest or undertake a renovation project. It is being sold through an online auction process, ensuring transparency and accessibility for potential buyers. The home is currently unmodernized, necessitating a comprehensive refurbishment that allows for personalization and improvement to suit individual preferences. The layout includes an entrance hall, a spacious lounge with sliding doors leading to the garden, a kitchen, three well-sized bedrooms, and a family bathroom. Each space provides the potential for reconfiguration or enhancement, and the property’s overall structure allows for possible extensions pending local authority approvals. The external area features a private rear garden and front driveway providing off-road parking alongside an attached garage which could be converted or utilized as additional storage. Situated in the highly regarded village of Desford, residents benefit from nearby amenities, schools, and transport connections. This property presents significant potential in a desirable location for those ready to embark on a transformation project.

Investment Analysis

(LE9 area)

Below Market Value

This property is priced -22.6% below area average per sq ft

-22.6%
Potential saving
This Property
£217/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£312,531
10% above area average per sq ft
Potential ROI
+11.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE9)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +0.7%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on LE9 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

Gloucester Close, Desford, LE9
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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
£831
Based on a loan of £165,000 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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