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

East Midlands

£880,000
Listed on 04/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This converted barn offers a unique opportunity for those interested in rural living combined with investment potential. Set on approximately 9 acres of land, the property is fully converted but still retains opportunities for further development, subject to planning permissions. Inside, the barn provides a functional layout with a central entrance hall leading to various living spaces. The kitchen features a breakfast bar and is complemented by a separate utility/laundry room. The expansive sitting room includes a fireplace, providing an inviting space for relaxation, while the separate dining room makes it ideal for entertaining. Additionally, there is an office space that could serve as an extra bedroom and one ground-floor bedroom along with a bathroom. The first floor comprises a spacious landing that connects to a master bedroom with fitted wardrobes, boasting stunning views of the surrounding countryside. There’s also a large second bedroom and a family bathroom on this level, along with ample storage in good-sized cupboards. Externally, the property benefits from rights of access down the drive and features a courtyard at the front along with generous parking options. An outbuilding awaits renovation and could be transformed into additional living space or storage, enhancing the property's value. The garden wraps around three sides of the barn and includes paddocks that extend across the 9-acre plot—perfect for those looking to invest in outdoor pursuits or agriculture. Located between the charming villages of Bitteswell and Ashby Parva, this property enjoys proximity to vibrant community amenities such as local pubs and village halls. The beautiful rolling countryside provides plenty of walking trails and bridleways for outdoor enthusiasts. Further amenities can be found in nearby Lutterworth, which offers shops, restaurants, cafes, and recreational facilities. The location also ensures easy accessibility to larger towns like Leicester and Rugby that boast theatres, cinemas, and additional dining options. Commuters will appreciate the mainline train stations in both Leicester and Rugby offering journeys to London within about 60 minutes, while major road links including the M1, A14, and M6 are conveniently close. This property presents an exciting opportunity not only as a home but also as an investment with potential for growth through renovations or further development within its expansive grounds.

Investment Analysis

(LE17 area)
Area Average
£302/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (LE17)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -0.3%
5 year growth: 7.6%
Investment Disclaimer: Analysis based on LE17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,224
Based on a loan of £660,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE