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Thrones Barn, Ashby Parva, Lutterworth, Leicestershire - Image 1
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Thrones Barn, Ashby Parva, Lutterworth, Leicestershire - Image 5

Thrones Barn, Ashby Parva, Lutterworth, Leicestershire

East Midlands

£880,000
Listed on 04/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This unique converted barn is nestled in a tranquil rural setting, surrounded by approximately 9 acres of picturesque land. Originally a traditional barn, it has been thoughtfully transformed into a three-bedroom residence, offering an ideal canvas for those looking to renovate or further develop the property (subject to planning permission). Inside, the ground floor features a welcoming central entrance hall with storage space and opens into a well-appointed kitchen that includes a breakfast bar. A separate utility/laundry room adds practicality to everyday living. The spacious sitting room, complete with a fireplace, offers an inviting space for relaxation, while the standalone dining room provides an area for entertaining guests. Additionally, there is an office that can serve as a fourth bedroom and a bathroom conveniently located on this level. Ascending to the first floor reveals a generous landing leading to the master bedroom which boasts fitted wardrobes and stunning views of the surrounding countryside. A large second bedroom and family bathroom complete this level, along with good storage options. The exterior of the property includes a courtyard at the front and ample parking space. An outbuilding presents exciting renovation possibilities for those looking to expand their investment further. The garden wraps around three sides of the barn and adds both beauty and outdoor enjoyment opportunities. The expansive paddocks surrounding the property provide substantial land use potential. Conveniently located between Bitteswell and Ashby Parva, this property benefits from being part of two vibrant communities that offer essential amenities like public houses and community events. The charming market town of Lutterworth is just south, providing more extensive shopping options, leisure facilities including a leisure center, supermarkets, restaurants, and cafes. Access to larger cities such as Leicester and Rugby is straightforward, with both towns offering additional cultural attractions such as theatres and restaurants. Commuters will appreciate the nearby mainline train stations enabling quick travel to London in around 60 minutes. Major road networks including the M1 are easily accessible as well. The property is equipped with mains electricity, oil central heating, and private drainage. While currently experiencing broadband speeds around 1.9 Mbps—subject to variation—the estimated maximum speed in this area is about 2 Mbps (as per Ofcom data). This freehold property comes with vacant possession available upon sale. It’s important to note all rights of way and easements apply; prospective buyers should ensure they have comprehensive knowledge about boundaries before proceeding. Viewings can be scheduled strictly by appointment through Fisher German LLP for those interested in exploring this unique opportunity further.

Investment Analysis

(LE17 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£260
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£88,000 - £220,000
10-25% of property value
Monthly Sales
20
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (LE17)

Area prices are rising by +5.2% over the last 12 months
3 year growth: 5.1%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on LE17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Thrones Barn, Ashby Parva, Lutterworth, Leicestershire
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