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East Midlands
£300,000
Listed on 03/09/2026
Listed on 03/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This late 1920s detached house presents a solid renovation project, nestled in a desirable location with a generous plot size of 0.175 acres. While the asking price of £300,000 is competitive at £249/sqf against the local average of £241/sqf, the overall economics are stretched. With renovation costs estimated between £40,000 and £120,000, the all-in costs could exceed local benchmarks for this floor area, limiting potential for margin improvement. The interior is dated, showing general wear and in need of modernisation, particularly in the kitchen and bathroom. However, the good-sized garden offers excellent potential for enhancement, and the property is well-situated for future extensions, subject to planning consent.
While the fundamentals of the property are strong, the current price/value ratio is limited, and the renovation economics present a significant challenge. Buyers should be prepared for a project that requires substantial investment to realise its full potential. This house is ideal for cash buyers looking to create value through thoughtful renovations in a sought-after area.
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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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