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DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 1
DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 2
DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 3
DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 4
DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 5
DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 6
DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough - Image 7

DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough

East Midlands

£295,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2350 sqft

Description

This unique property offers a rare opportunity for renovation and investment, with approved planning permission to convert the existing Cottingham Methodist Church and adjoining hall into a spacious four-bedroom residential dwelling. The proposed design encompasses approximately 2,350 square feet of living space, making it a promising project for those looking to create a distinctive home. The structure features sturdy brick walls and a pitched tiled roof, providing a solid foundation for transformation. Inside, the layout includes an entrance hall leading to a main reading room complete with a balcony seating area, alongside a secondary function room that could serve multiple uses. Additional amenities like a storage room, kitchen, and restroom already exist on-site, simplifying the renovation process. Externally, the property boasts a gravelled area in front defined by a low brick wall along the roadside, while the rear offers another gravelled section bordered by neighboring homes. This outdoor space presents opportunities for landscaping or further enhancement post-renovation. Located in Cottingham—a vibrant village straddling the border of Leicestershire and Northamptonshire—the property benefits from access to local amenities including two pubs with dining options, a village store and coffee house, as well as community venues like the parish church and village hall. Families will appreciate the nearby pre-school in Middleton and primary school within Cottingham itself. Equidistant from Uppingham and Market Harborough—both renowned for their boutique shopping experiences and lively farmers' markets—this location offers recreational activities aplenty. For commuters, mainline rail services to London St Pancras are conveniently accessible from nearby stations within an approximate hour's journey. Those interested in this property should consider seeking independent advice regarding construction costs associated with the conversion plans outlined in the available planning documents. With its inherent charm and potential for personalization, this property stands as an appealing prospect for both investors and homeowners alike.

Investment Analysis

(LE16 area)

Below Market Value

This property is priced -62.0% below area average per sq ft

-62.0%
Potential saving
This Property
£126/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Target Value
£853,179
10% above area average per sq ft
Potential ROI
+43.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE16)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -3.2%
5 year growth: 6.7%
Investment Disclaimer: Analysis based on LE16 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

DEVELOPMENT OPPORTUNITY, Cottingham Methodist Chapel, Cottingham, Market Harborough
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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
£1,081
Based on a loan of £221,250 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