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Rycroft Road, Hemington DE74

East Midlands

£400,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Cottage

Description

This two-bedroom detached cottage presents a promising renovation opportunity, situated on a substantial plot of approximately 4.36 acres on the outskirts of Hemington village. Originally utilized as a market garden, the expansive land offers versatility for potential farming, equestrian use, or simply as open green space. The property is devoid of any upward chain, facilitating a smoother acquisition process. The cottage features a reception hall leading to various living spaces, including a lounge with an open fireplace and a separate dining/sitting room. The kitchen is fitted but requires modernization; it includes wood-finished units and space for essential appliances. A ground-floor bathroom adds convenience, while the two bedrooms located upstairs provide ample accommodation. Outreach facilities include a utility/laundry room and several outbuildings—such as a double garage and tractor shed—which could be revitalized for various uses. The surrounding grounds are currently maintained as grassland but hold redevelopment potential for those interested in cultivating crops or raising animals. Situated in Hemington, known for its charm and community amenities—including local pubs and schools—the property benefits from excellent transport links to major routes and nearby towns. This unique offering invites buyers to envision its future through thoughtful renovations and enhancements.

Investment Analysis

(DE74 area)
Area Average
£286/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DE74)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -5.7%
5 year growth: +11.6%
Investment Disclaimer: Analysis based on DE74 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

Rycroft Road, Hemington DE74
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 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.

Stamp Duty Calculator

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