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Frolesworth LE17

East Midlands

£1,550,000
Listed on 13/09/2024

Property Details

Bedrooms
7
Type
Detached house
Area
6421 sqft

Description

The Old Rectory is a historic Grade II Listed property with a wealth of character and ample space, offering significant renovation and investment potential. With seven bedrooms and an impressive 6,572 sq ft of accommodation, this home represents a unique opportunity for those looking to develop or improve upon an already substantial family residence. Situated in the highly desirable village of Frolesworth, the property occupies a tranquil countryside setting that fosters a strong sense of community while still being conveniently located just a few miles from the amenities in Broughton Astley and Lutterworth. In addition to its rural charm, residents benefit from easy access to major transport routes including the M1, along with various local train stations. Families will appreciate the nearby choice of reputable private and state schools. The interior of The Old Rectory boasts generous living spaces filled with natural light, creating a welcoming atmosphere throughout. The first and second floors encompass four large bedrooms; three feature en-suite facilities while two additional rooms on the lower levels may easily be converted into extra bedrooms or guest suites. Historic features abound within this three-century-old property, including high ceilings with intricate coving, original doors, and fireplaces that reflect its storied past. Beyond the main house lies an array of brick-built outbuildings and stables ripe for conversion—subject to planning permissions—offering possibilities for additional living space or income-generating rentals. Set within approximately 4.5 acres of manicured gardens, woodlands, paddock land, and recreational amenities such as a tennis court and ornamental pond, the grounds create an idyllic setting for both relaxation and outdoor activities. There are extensive lawn areas perfect for children's play as well as tranquil spots by the lake designed for unwinding. The property's layout includes dual access points: one leading directly into the main house's entrance hall while another grants entry to a wing currently utilized for business purposes. This area consists of multiple offices along with reception spaces that can be transformed into living quarters or annexe-style accommodations. As you explore this exceptional residence further, you'll find a spacious dining room ideal for gatherings, alongside a well-appointed kitchen that opens into an adjoining breakfast room—both spaces promising great potential for updates or expansions. With recent maintenance on essential components like the roof and gutters ensuring its structural integrity, any renovations undertaken could focus more on personalizing modern comforts rather than addressing urgent repairs. In summary, The Old Rectory presents not only an attractive family home but also a sound investment opportunity in an area rich in lifestyle benefits—from picturesque

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£241/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£260
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£155,000 - £387,500
10-25% of property value
Target Value
£2,140,119
10% above area average per sq ft
Potential ROI
+10.5%
After renovation
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

Frolesworth LE17
Map showing location of Frolesworth LE17
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