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East Midlands
£450,000
Listed on 07/09/2026
Listed on 07/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This attractive stone bungalow is set on a generous 0.2-acre plot and offers a unique opportunity for those looking to invest in a project. The property, with its historical charm and elements of grandeur, is priced at £250/sqf, which is significantly below the local average of £305/sqf. This advantageous pricing opens the door for buyers to acquire and modernise a home with character, while potentially adding value through refurbishment.
However, the renovation economics appear tight, as the all-in costs of approximately £600,000 are higher than the implied local average value of £549,090. The property does require significant work, with dated interiors, visible wear throughout, and the potential for structural issues. Yet, the high ceilings, spacious rooms, and mature garden provide a solid foundation for transforming this bungalow into a modern living space that respects its historical roots. This is a project that can yield satisfaction and financial return with the right vision and investment.
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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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