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Colby Drive, Thurmaston, Leicester, Leicestershire LE4 - Image 1
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Colby Drive, Thurmaston, Leicester, Leicestershire LE4 - Image 3

Colby Drive, Thurmaston, Leicester, Leicestershire LE4

East Midlands

£350,000
Listed on 27/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1342 sqft

Description

This spacious three-bedroom detached bungalow sits on a generously sized plot and offers considerable potential for transformation. With three well-sized bedrooms, the property features a welcoming reception area, complemented by a bright conservatory that enhances the living space. The breakfast kitchen is practical and functional, ready for modern updates. The bathroom is equipped with both a bathtub and a wet-room style shower cubicle, alongside a separate WC conveniently located near the main living areas. Outside, the property provides ample off-road parking at both the front and rear, plus side access to a substantial double garage at the back of the plot. The garden is well-maintained with established shrubs, providing an appealing outdoor space. A major highlight is the loft area, which is fully boarded and accessible via a folding ladder. Previous plans for installing permanent staircase access suggest excellent potential for conversion into additional living space, subject to planning permission. Additionally, this home includes 20 solar panels contributing to its energy efficiency rating of B. The layout and size of this property lend themselves particularly well to extensions such as dormer conversions when necessary approvals are obtained.

Investment Analysis

(LE4 area)

Below Market Value

This property is priced -10.3% below area average per sq ft

-10.3%
Potential saving
This Property
£261/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£429,427
10% above area average per sq ft
Potential ROI
+10.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LE4)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on LE4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Colby Drive, Thurmaston, Leicester, Leicestershire LE4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE