We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · LE9 7PU
For saleListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Online Auction - 28th ofOctober 2026 ***The Cottage, Elmesthorpe Lane Freehold Detached House Under Construction*** Presented by Town & Country Property Auctions East Midlands Office The Cottage, Elmesthorpe Lane is an exciting opportunity to acquire a freehold two-storey detached house currently under construction, offering buyers the chance to secure a substantial new-build property in an attractive and desirable setting.
The property is being constructed over two floors and is designed to provide spacious, modern and versatile accommodation suitable for contemporary family living.
The detached layout offers a high degree of privacy, together with the potential for generous gardens, parking and outdoor space.
The house presents an excellent opportunity for a purchaser looking for a newly constructed detached home with modern standards and the potential to personalise the final specification, subject to the stage of construction and any relevant permissions or agreements.
Internally, the proposed accommodation is arranged over the ground and first floors, providing ample space for bedrooms, bathrooms, reception areas and a modern kitchen/living environment.
The two-storey design makes efficient use of the site while providing comfortable separation between living and sleeping accommodation.
Externally, the property benefits from its detached position, with scope for private outdoor areas and off-road parking.
Its location on Elmesthorpe Lane provides an appealing combination of a peaceful residential setting and convenient access to surrounding amenities, local facilities and transport connections.
Property Highlights Freehold ownership Detached two-storey house Currently under construction Modern new-build design Spacious and versatile accommodation Potential for multiple bedrooms and bathrooms Private garden/outdoor space Off-road parking potential Excellent opportunity for a purchaser seeking a new home Scope to influence or personalise certain finishes, subject to construction stage Attractive location on Elmesthorpe Lane The Cottage represents an excellent opportunity to purchase a substantial freehold detached property while still under construction.
With its two-storey layout, modern design and attractive setting, the property has considerable appeal for families, owner-occupiers or purchasers seeking a high-quality new-build home.
Register now to bid and arrange your viewing.
Town & Country Property Auctions - East Midlands Office unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About The Cottage, Elmesthorpe Lane, Leicester
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