2-bedroom house · LE8 0NP
For saleReduced £20k (−7.1%) on 21 AugListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to acquire this extended, end terrace cottage on the edge of the village requiring some updating but offering excellent potential to improve or extend further, subject to planning.
The gardens enjoy wonderful views over fields and are a particular feature of the property.
Kibworth Harcourt is a wonderful and lively village boasting extensive local facilities yet within easy reach of some of South Leicestershire's most attractive countryside.
There is a popular restaurant and a children's play area within the village itself whilst just a short walk away along the attractive high street in neighbouring Kibworth Beauchamp are a range of boutique shops and cafes.
There are also more extensive day to day facilities including doctors surgery's, dentists, a supermarket and sports clubs including tennis, golf, bowls and cricket. Market Harborough, approx.
6 miles to the south, has a Waitrose as well as superb shopping with independent boutiques, a theatre, bars and restaurants.
There are numerous bus routes running locally and Market Harborough station has a direct service to London St Pancras from 55 minutes.
Schooling Schooling in both the state and private sector is well catered for with Kibworth Primary School which filters into Kibworth High School.
The Leicester Grammar and Stoneygate Schools are located a short drive away in nearby Great Glen. The property can only be accessed via a pedestrian walkway off the Leicester Road.
The nearest on street parking available is around the corner on Main Street (approx 150m).
Enter through a Upvc door into the Dining Hall with the staircase rising to the first floor and exposed ceiling timbers.
A further door leads off to the Lounge which has a feature stone fireplace, sliding patio doors out to the garden and exposed ceiling timbers.
The kitchen is on the rear of the property and has a Upvc door out to the garden. Upstairs there are two bedrooms, one of which could easily be split to make the property three bedrooms.
The bathroom has a shower over the bath but requires refitting.
There is a small fore garden either side of the walkway and gated access leads around the side to a paved area with two useful brick outbuildings.
The rear garden enjoys views over fields and comprises a paved patio, lawn with mature borders and a variety of maturing trees.
There is a dilapidated greenhouse/potting shed and an overgrown vegetable patch.
Agents note: A neighbour retains a pedestrian right of access along the western boundary of the garden to access their paddock.
There is also a right of access across the rear of the cottage to the neighbours garden.
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 63 Leicester Road, Leicester
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