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Sharply Hill, Newtown Linford, LE6

East Midlands

£1,750,000
Listed on 15/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
14000 sqft

Description

Set on the historic grounds of the former Grey Lady Restaurant, this property presents a compelling opportunity for renovation and investment, having secured planning consent for the construction of a striking contemporary residence. The site spans over two acres of picturesque landscape, providing ample space for development and customization. The proposed design—collaboratively envisioned with a respected local architectural firm—features a modern glass façade that harmonizes with the surrounding natural beauty. This future home will encompass approximately 14,000 square feet across two levels, offering an extraordinary layout. The planned first floor includes five ensuite bedrooms, each designed to maximize comfort and privacy; the principal suite boasts a dressing room and spa-like ensuite facilities, as well as a private balcony that showcases sweeping views of the Charnwood Hills. On the ground floor, residents can expect an impressive reception hall accented by a grand staircase, leading to expansive living areas. An open-plan kitchen will flow seamlessly into cozy snug spaces and formal dining rooms overlooking an outdoor swimming pool. Additional amenities include a home cinema, gym, boot room, utility area, and multiple reception rooms designed for functionality and entertainment. With its seven-car garage located on the lower ground level, there’s significant potential for luxury vehicle storage or even conversion into additional living space in line with market demand. Located on the outskirts of Newtown Linford village—a charming community set amid rolling hills—the property is within walking distance of local amenities such as shops, cafes, schools, and Bradgate Park. This proximity not only enhances its appeal but also signifies strong rental or resale potential given the area's desirability. Access to major transport links is conveniently close by (M1 at J22), ensuring ease of travel to Leicester City center and beyond. The existing structure has been cleared under planning consent granted on September 12th, 2024 (P/24/0197/2), paving the way for this innovative project. With mains water and electricity available on-site and no current provisions for mains drainage or gas, there are opportunities for integrating sustainable solutions. This property stands out due to its unique location and development prospects; it represents an exceptional investment opportunity in a sought-after region poised for growth.

Investment Analysis

(LE6 area)

Below Market Value

This property is priced -58.7% below area average per sq ft

-58.7%
Potential saving
This Property
£125/sq ft
Area Average
£303/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£2,000,000 - £3,000,000
Target Value
£4,660,810
10% above area average per sq ft
Potential ROI
-1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LE6)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 1.6%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on LE6 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

Sharply Hill, Newtown Linford, LE6
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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
£6,411
Based on a loan of £1,312,500 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