Forest Road, Markfield
East Midlands
£338,000
Listed on 28/10/2026
Listed on 28/10/2026
The listing
Property details
Bedrooms
3Type
Detached BungalowArea
1097 sqftFeatures
- Garage
- Garden
- Parking
Description
A detached three-bedroom bungalow on a generous plot at the edge of Markfield, with open views to the front. The accommodation includes an entrance hall, living room, kitchen, three bedrooms, a study or store room and a bathroom. The property is offered in need of modernisation, providing scope to update the existing accommodation, subject to any necessary consents.
Outside, there is ample off-road parking and a double garage which the vendor describes as requiring repair and modernisation. The mature rear garden includes lawn, established trees and shrubs, a shed and greenhouses. Markfield has local shops, food outlets and a GP surgery, with countryside, public footpaths and Hill Hole Nature Reserve nearby. Viewings are arranged by allocated block appointments.
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 detached three-bedroom bungalow has a clear medium-scale improvement canvas: dated finishes across the observed rooms, an untended mature garden, and a double garage the listing says needs repair and modernisation. The generous plot, off-road parking, greenhouse and broadly intact-looking roof and brickwork give the project some useful strengths, with scope to refresh the interiors and make better use of the outside space.
The price is the main constraint. At £338,000, the asking price is about 18% above the local £/sqf average, and purchase price plus a mid-to-substantial programme of works would leave the overall outlay stretched against local benchmarks for a home of this floor area. That comparison is with current local average values, not a forecast of what the property might be worth after renovation.
Key opportunities
- Refresh the dated interior finishes, including the kitchen and bathroom, to give the bungalow a more coherent, current feel.
- Clear and reshape the mature garden while retaining its established trees and making use of the greenhouse.
- Repair and modernise the double garage, alongside the existing off-road parking.
Key risks
- The asking price combined with the likely scale of improvements leaves the overall project spend stretched against local benchmarks for this floor area.
- Headroom after works looks limited when the asking price sits alongside the indicated works scale — around 26% above what similar-sized stock commands locally today, so margin after refurbishment is unproven.
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Transport
Nearest stations
Shackerstone Rail Station (Battlefield Line)
7.0 miles
Metro · Shackerstone
Barrow upon Soar Rail Station
7.3 miles
Train · Barrow-upon-Soar
Loughborough (Leics) Rail Station
7.5 miles
Train · Loughborough
Leicester Rail Station
7.6 miles
Train · Leicester
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
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
£1,277
Based on a loan of £253,500 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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