
Sign InSign Up
East Midlands
£475,000
Listed on 01/10/2026
Listed on 01/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
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.
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Create an alert and we'll notify you when similar renovation opportunities are listed.
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.
Services
Explore services to help you with this property purchase.
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Other listings you may want to compare.