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Scraptoft Lane, Leicester, Leicestershire, LE5 - Image 1
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Scraptoft Lane, Leicester, Leicestershire, LE5

East Midlands

£475,000

Listed on 01/10/2026

The listing

Property details

Bedrooms
2
Type
Bungalow
Area
1373 sqft

Description

This spacious two-bedroom detached bungalow is nestled in the desirable area of Scraptoft Lane, offering an exceptional opportunity for those seeking a home with substantial outdoor space and excellent parking facilities. Set back from the road, the property boasts ample off-road parking for multiple vehicles, complemented by a separate garage, making it ideal for families or individuals needing extra storage and workshop space. Internally, the bungalow features generous and versatile living areas. The heart of the home is the expansive fitted kitchen, which provides plenty of workspace and storage, along with a separate utility room. A bright conservatory overlooks the extensive gardens, serving as an inviting additional reception area perfect for relaxation or entertaining. The accommodation includes two well-sized double bedrooms and two bathrooms, offering flexible living arrangements suitable for families, couples, or those preferring single-storey living. The thoughtfully arranged layout enhances the practicality and comfort of the home. Externally, the large grounds are a standout feature, with beautifully maintained outdoor space that presents numerous possibilities. Whether you envision extending the property or creating leisure areas, this generous plot offers remarkable potential. Conveniently located in central Scraptoft, the property enjoys easy access to local amenities, excellent schools, and convenient bus routes. Leicester city centre is just a short 10-minute drive away, with major motorway networks also readily accessible, making this an ideal location for commuters.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

34out of 100
Grade ELow opportunity

Confidence: MEDIUM

This spacious two-bedroom detached bungalow in Scraptoft offers a generous plot with well-maintained gardens and excellent outdoor space. The interior features a large fitted kitchen and comfortable living areas that provide a solid foundation for a renovation project. While the property presents a unique opportunity for extension and personalization, the asking price of £475,000 is notably above the local average of £289/sqf, which could stretch your budget when factoring in the renovation costs.

With a refurbishment range of £40,000 to £80,000, the total investment could reach approximately £535,000, well above the implied current local average value of £396,454. This disparity highlights the economic weaknesses of the listing, making it essential for potential buyers to carefully consider the financial implications before proceeding. However, the spacious layout and potential for improvement can make this a worthwhile endeavor for those willing to navigate the associated costs.

Worth weighing the all-in picture: combining the asking price with refurbishment of around £60,000 lifts all-in commitment to about £535,000 — around 26% above what similar-sized stock commands locally today. So the headline score reflects limited headroom, not a judgement on the house as a project.

Key opportunities

  • Extensive outdoor space with potential for extension (subject to planning permission)
  • Spacious interior layout allows for versatile living arrangements
  • Large fitted kitchen offers a good starting point for modernisation

Key risks

  • Asking price plus renovation range leads to all-in costs that are significantly above local benchmarks for this area

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Map

Location

Scraptoft Lane, Leicester, Leicestershire, LE5
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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