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Oakham Road, Leicester, LE7

East Midlands

£1,900,000
Listed on 18/10/2025

Property Details

Bedrooms
7
Type
Detached house
Area
4400 sqft

Description

Set in the scenic landscape of East Leicestershire, this Grade II listed Georgian farmhouse offers a unique opportunity for renovation and development. With seven bedrooms and an expansive floor area of approximately 4,463 sq ft, Halstead House Farm is a distinguished property that combines historical charm with substantial investment potential. The farmhouse itself showcases classic Georgian architecture, featuring large sash windows, high ceilings, and original fireplaces that reflect its notable heritage. While the interior boasts character and traditional details, it requires modernisation, presenting an ideal blank canvas for those looking to undertake a bespoke renovation project. Additionally, there is a linked single-storey wing that was once used for stables and storage. This space holds further promise for conversion into guest accommodation or home offices—subject to necessary planning permissions. The property encompasses around 25 acres of hilltop land bordered by open countryside. Previously granted planning consent (now lapsed) allows for the conversion of five barns and a former wedding venue into six residential units. The vendors are actively working to reinstate this consent, offering prospective developers a ready-made project with strong foundations. The proposed barn conversions would respect the site's historic character while providing various housing options ranging from two to five bedrooms. Surrounding the farmhouse are well-kept gardens and paddocks, enhancing the tranquil setting and offering expansive views over the picturesque countryside. A public footpath along one boundary provides direct access to walks amidst the natural beauty of the area. Located at the edge of Tilton on the Hill village, this property benefits from serene rural surroundings while still being conveniently close to local amenities such as shops and a pub. Accessibility to larger towns like Oakham and Melton Mowbray is straightforward via nearby main roads, ensuring residents can enjoy both peace and practicality. Furthermore, within the 25 acres lies an additional 4-acre section with potential for standalone development (subject to planning permission). This parcel could suit various projects including custom homes or holiday accommodations due to its separate access points. Halstead House Farm represents not just a residence but an opportunity for transformation in one of Leicestershire's most captivating regions. Potential buyers interested in pursuing this multifaceted investment should consider arranging a viewing or request detailed information regarding planning history and development prospects.

Investment Analysis

(LE7 area)

Above Market Value

This property is priced +39.1% above area average per sq ft

+39.1%
This Property
£432/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£248
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Target Value
£1,502,094
10% above area average per sq ft
Potential ROI
-39.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by +2.2% over the last 12 months
3 year growth: 4.0%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on LE7 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

Oakham Road, Leicester, LE7
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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
£6,960
Based on a loan of £1,425,000 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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