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Nursery Road, Thurnby Lodge

East Midlands

£265,000

Listed on 11/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1283 sqft

Description

Nestled on a spacious corner plot at the intersection of Nursery Road and Chater Close in the sought-after Thurnby Lodge area, this two-bedroom detached bungalow presents an exceptional investment opportunity. Although the property requires some modernization, it is attractively priced to account for this need, allowing the new owner to tailor it to their personal style. The layout consists of an entrance porch, hallway, lounge, kitchen, conservatory, two sizeable bedrooms, bathroom, and a separate WC. Externally, there is a driveway offering ample off-street parking, along with a garage that includes an adjoining workshop, making it ideal for hobbies or additional storage. The pleasant rear garden adds further potential for outdoor enhancements. Being sold with no onward chain makes this property particularly appealing for buyers looking to move quickly.

Investment Analysis

(LE5 area)

Below Market Value

This property is priced -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£207/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£400,950
10% above area average per sq ft
Potential ROI
+38.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE5)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +3.5%
5 year growth: +13.3%
Investment Disclaimer: Analysis based on LE5 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

Nursery Road, Thurnby Lodge
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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
£1,001
Based on a loan of £198,750 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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