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The Old Rectory, Stoke Albany, Market Harborough - Image 1
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The Old Rectory, Stoke Albany, Market Harborough

East Midlands

£2,500,000
Listed on 29/04/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3992 sqft

Description

Nestled at the heart of its expansive grounds, this former Rectory presents a unique opportunity for renovation and investment. Having been exceptionally maintained by its current owners over the past 18 years, this property boasts a blend of original character and potential for modernization. The home features an impressive layout across three floors, showcasing six bedrooms, two spacious reception rooms, a snug area, and a thoughtfully designed dining kitchen. Many of the original architectural details remain intact, including ornate ceiling covings, high-quality radiator covers with brass inserts, and tall skirting boards. These features could serve as an excellent foundation for restoration or enhancement in line with contemporary tastes. Upon entering through the stone porch and solid oak front door, the welcoming reception hall greets you with a grand Geo II period chimney piece and solid parquet flooring. The snug offers a cozy retreat with built-in shelving and French doors that open to the west-facing lawn—ideal for enjoying evening sunsets. The drawing room is enhanced by large bay windows that flood the space with natural light, while the dining room retains its Victorian marble fireplace and elegant proportions. The dining kitchen is functional yet ripe for an overhaul. Its existing layout includes an Aga cooker and generous island unit that could be updated to meet modern culinary standards. The adjoining utility area provides additional practical space. On the first floor, the galleried landing leads to five well-proportioned bedrooms, including a principal suite with en-suite facilities that offers pleasant views of the gardens. An additional family bathroom on this level provides ample amenities for residents or guests. The property's grounds are equally noteworthy, featuring beautifully landscaped lawns facing south and west as well as mature hedging that ensures privacy. The original coach house has been creatively repurposed for storage but holds potential for conversion into additional living space or leisure areas (subject to planning permissions). Located in Stoke Albany—a village characterized by its community spirit and essential amenities—this property benefits from easy access to Market Harborough's extensive shopping options and excellent transport links. Nearby recreational facilities at Rutland Water offer outdoor activities like sailing and cycling. With strong local educational opportunities ranging from primary schools to renowned secondary institutions within commuting distance, this property not only serves as a comfortable residence but also represents significant long-term investment potential in this desirable area.

Investment Analysis

(LE16 area)

Above Market Value

This property is priced +88.7% above area average per sq ft

+88.7%
This Property
£626/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£250,000 - £625,000
10-25% of property value
Target Value
£1,457,000
10% above area average per sq ft
Potential ROI
-53.4%
After renovation
Monthly Sales
30
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LE16)

Area prices are falling by +2.9% over the last 12 months
3 year growth: -1.0%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on LE16 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

The Old Rectory, Stoke Albany, Market Harborough
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