2-bedroom bungalow · LE4 8LD
Sold STCListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**2 Bedroom Semi-Detached Bungalow with Great Potential** Positioned just off Colby Drive in the popular village of Thurmaston, this two-bedroom semi-detached bungalow offers a straightforward layout and excellent potential for modernisation throughout.
Set back from the road, the property includes a lounge, kitchen, two bedrooms and a bathroom, along with a driveway, semi-detached garage and additional parking to the side.
The interior is ready to be updated, with a new owner putting their own stamp on a home with great potential.
The rear garden is of a good size and has been mostly laid to patio and gravel with a few established plants.
This is an ideal opportunity for buyers seeking a project - whether to renovate for personal use, downsize and tailor to taste, or invest for resale or rental.
Located close to local amenities, bus routes, and with food access to Leicester and surrounding areas, the property sits in a convenient and well-connected residential setting.
Entrance Hall The entrance hall is fitted with laminate flooring and provides access to a semi-boarded loft via a ceiling hatch.
An airing cupboard houses the combi boiler and offers useful space for storing coats and shoes or household items.
Kitchen 3.48m x 2.27m The kitchen includes a range of wall and base units, a 1.5 bowl sink, space for an electric oven, a 4-ring hob, and plumbing for a washing machine or dishwasher.
It is fully tiled on the walls with laminate flooring, and benefits from both side and rear aspect windows. A rear door leads out to the garden.
While functional, the kitchen could benefit from modernisation. Lounge 5.9m x 3.06m A good sized lounge featuring an ornamental gas fire with a brick surround and tiled mantelpiece.
Sliding doors open to the rear garden, and two radiators are in place. The room is usable as is but offers scope for updating.
Bedroom One 3.3m x 3.2m Front-facing double bedroom with a window and radiator. In fair condition and could benefit from cosmetic improvement.
Bedroom Two 4.27m x 2.44m A second front aspect bedroom with a window and radiator. Also could benefit a decorative updating.
Bathroom The bathroom currently comprises a bath with electric shower over, WC, sink, radiator and a side frosted window. Tiling is present around the bath area.
While in need of a renovation, the bathroom could easily be converted into a wetroom for accessible living, or refurbished with a new bathroom suite.
Driveway & Parking The property includes a semi-detached garage located to the front, with a parking space in front of it.
There is also additional off-road parking to the side of the bungalow. Rear Garden The rear garden is mostly laid to patio and gravel, with some established greenery.
It provides a perfect canvas for future landscaping or improvement.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Colby Drive, Thurmaston, Leicester, Leicestershire, LE4
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