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Far Lane, Normanton On Soar LE12

East Midlands

£520,000

Listed on 24/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
1216 sqft

Description

This property presents a unique investment opportunity, situated on approximately 0.34 acres in the desirable village of Normanton on Soar. Comprising two distinct dwellings, it is perfectly designed for multi-generational living or for those seeking to generate rental income while maintaining privacy. The larger unit features three bedrooms, a kitchen, and a bathroom on the ground floor, along with a spacious first-floor living room that captures expansive views thanks to large windows. The adjoining self-contained dwelling offers two additional bedrooms and an open living space upstairs, making it ideal for guests or as an Airbnb rental. The outdoor area expands the property's potential significantly. A sizeable garden allows for various uses from gardening to leisure activities, while additional structures such as a tandem garage and outbuildings provide extra utility. Notably, the former mobile home currently utilized as storage presents further conversion possibilities into an office or guest accommodation (subject to necessary planning permissions). With both dwellings ready for immediate occupancy or rental, this property holds multifaceted potential for investors and families alike.

Investment Analysis

(LE12 area)

Above Market Value

This property is priced +42.2% above area average per sq ft

+42.2%
This Property
£428/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£402,149
10% above area average per sq ft
Potential ROI
-30.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
87
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE12)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +0.4%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on LE12 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

Far Lane, Normanton On Soar LE12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,855
Based on a loan of £390,000 over 30 years at 3.97% 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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