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East Midlands
£375,000
Listed on 02/09/2026
Listed on 02/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This spacious four-bedroom detached house in the desirable area of Blackwood, Coalville, presents a unique opportunity for buyers looking to create their forever home. While the asking price of £375,000 is notably less than the local average at £295/sqf compared to £261/sqf, this property requires significant refurbishment throughout, including a dated kitchen and bathroom that are ripe for modernisation. With general wear and tear evident across the living areas and bedrooms, the potential for transformation is substantial.
However, the economics of this listing present a challenge. The all-in costs, factoring in the renovation range of £50,000 to £100,000, stretch the total investment to between £425,000 and £475,000, which is considerably above the implied local average value for the area. This could limit your margin compared to local benchmarks, making it essential for buyers to carefully evaluate their renovation budget and plans. Despite the need for work, the property's generous layout and good outdoor space offer an excellent canvas to craft a home that reflects personal style and preferences.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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