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Station Lane, Scraptoft, LE7

East Midlands

£345,000

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
1076 sqft

Description

Situated on a spacious plot in the desirable village of Scraptoft, this detached bungalow offers a unique chance for buyers eager to invest in a renovation project that reflects their personal style. The property is in need of comprehensive modernization but presents generous room sizes and versatile living spaces, allowing for creative redesign possibilities. The heart of the home features a bright lounge diner with ample natural light from both front and side windows. The kitchen, which connects directly to the expansive rear garden, could be transformed into an attractive open-plan area perfect for family gatherings. This property comprises two sizeable double bedrooms, with the primary bedroom boasting fitted wardrobes and an en-suite wet room, complemented by a separate family bathroom. Outside, the extensive garden serves as a blank canvas for landscaping or gardening enthusiasts. Existing elements like established plants, patios, raised vegetable beds, and even a greenhouse and workshop provide exciting opportunities for further enhancement. The property benefits from substantial off-road parking alongside a detached garage and offers additional vehicular access via Springbrook Drive, enhancing its potential for outdoor improvements or extra storage solutions. The location itself is highly coveted; Scraptoft merges serene village life with essential amenities. With respected primary schools nearby, Leicester General Hospital just a short drive away, and easy access to Leicester city centre, this setting is ideal for families or professionals who value accessibility alongside tranquil living. Local walks and community spirit enhance the appeal of this location. Properties such as this one—offering significant renovation potential along with ample outdoor space—are becoming increasingly rare in the market. Offered with no upward chain, this presents an excellent opportunity to craft a distinct home in one of Leicestershire's most sought-after areas.

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Investment analysis

(LE7 area)

Above Market Value

This property is priced +4.7% above area average per sq ft

+4.7%
This Property
£321/sq ft
Area Average
£306/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£362,596
10% above area average per sq ft
Potential ROI
-10.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +2.2%
5 year growth: +6.8%
Investment Disclaimer: Analysis based on LE7 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

Station Lane, Scraptoft, LE7
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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
£1,303
Based on a loan of £258,750 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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