3-bedroom bungalow · LE4 8GP
For saleReduced £25k (−5%) on 14 OctListed 323 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quality Renovation. Exceptional Space. Looking to view?
Call and press option 4 Offered to the market with no upward chain, this fully renovated three-bedroom detached bungalow provides modern, turn-key living in a highly sought-after location close to local amenities.
Finished to an exceptional standard, the property blends the reliability of a new build with the character of an established plot.
The renovation has been extensive, with works including re-boarded and re-plastered walls, new flooring and carpets, a full re-wire, usb socket points throughout and a complete interior transformation.
The result is a bright, stylish and beautifully updated home ready to move straight into.
The property also benefits from planning permission for conversion into an eight-bedroom house, as well as planning permission for an outbuilding-ideal for a bar, garden office, mini annex or studio space, offering exciting future potential.
A spacious entrance hall with striking light blue and white floor tiles sets the tone for the rest of the property.
The bright living room features a modern electric fireplace, a large rear window and double doors opening to the side of the property, allowing natural light to flood the space.
The newly fitted kitchen is a standout feature-sleek, contemporary and equipped with high-quality integrated appliances including an AEG microwave, electric induction hob, Rangemaster electric oven, wash-dryer, dishwasher, boiler with hive contorl and a modern instant hot water tap.
To the rear, a conservatory provides an additional versatile living area with views over the garden.
There are three well-proportioned bedrooms, all newly carpeted, including a master bedroom with a stylish en-suite shower room.
A modern family bathroom with a three-piece suite completes the accommodation.
The property offers attractive kerb appeal with a neatly presented front garden and driveway leading to a single garage with lighting, power and an up-and-over door.
There is also an adjoining car port for additional covered parking.
The private rear garden is generous in size and enjoys a mix of mature trees, lawn, patio seating areas and natural borders formed by hedges and bushes.
New fencing has been installed to the front section of the garden, enhancing both security and privacy.
The garden provides a peaceful setting for outdoor dining, entertaining or taking full advantage of the approved outbuilding planning permission.
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
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FAQ
About 42 Barkby Thorpe Lane, Leicester
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