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The Nook, Bitteswell, Lutterworth, Leicestershire, LE17

East Midlands

£400,000

Listed on 24/06/2026

Property Details

Bedrooms
4
Type
House
Area
1670 sqft

Description

This inviting Grade II listed thatched cottage is brimming with period charm and is nestled in a tranquil village setting, making it an appealing investment opportunity for those looking to modernize. Tucked away in The Nook, this detached residence boasts original features such as exposed beams, open fireplaces, and a quaint thatched roof and porch. The mature front garden adds to its character, inviting you into a space full of potential. The property benefits from a central location in the sought-after village of Bitteswell, just a mile north of Lutterworth, which offers a mix of local amenities including pubs, a village hall, and schools. Ideal for commuting, the surrounding road networks and nearby train services provide easy access to major cities. Stepping inside reveals a warm entrance hallway leading to a welcoming reception room adorned with beams and an open fireplace. Beyond that lies a formal dining room showcasing additional character elements and the staircase to the upper level. The kitchen overlooks the peaceful churchyard and presents an exciting chance for transformation into a modern culinary space. Adjacent to it is an expansive living area featuring rustic beams and multiple windows providing ample light. The first floor landing is brightened by numerous windows leading to four bedrooms; the master bedroom impresses with its generous space and lovely views. Each additional bedroom varies in character but all offer unique charm ideal for personal touches or renovation needs. The family bathroom maintains traditional appeal yet may benefit from updates. Outside, the garden wraps around the home offering privacy along with a substantial outhouse equipped with power—perfect for storage or potential conversion (subject to planning). A carport/garage barn further enhances functionality. Overall, this property represents not just a home but also an exciting renovation project with great potential to enhance its value.

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -21.0% below area average per sq ft

-21.0%
Potential saving
This Property
£240/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£557,162
10% above area average per sq ft
Potential ROI
+13.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE17)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -4.4%
5 year growth: -1.1%
Investment Disclaimer: Analysis based on LE17 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

The Nook, Bitteswell, Lutterworth, Leicestershire, LE17
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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
£1,511
Based on a loan of £300,000 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.

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