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Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 1
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 2
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 3
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 4
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 5
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 6
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 7
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Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 9
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 10
Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ - Image 11

Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ

East Midlands

£1,500,000
Listed on 04/02/2026

Property Details

Bedrooms
6
Type
Detached house
Area
5000 sqft

Description

Rearsby Mill is a historic Grade II listed watermill from 1815, nestled on a generous 6.19-acre plot along the serene River Wreake. Spanning over 4,400 sq. ft. across three levels, this property features six bedrooms—including two with en suite bathrooms—and four adaptable reception rooms that showcase original charm and character. The outbuildings present an opportunity for conversion into additional living spaces (subject to planning consent), while the extensive grounds contain stables and paddocks, ripe for landscaping or developing new facilities for both leisure and modern family needs. Although beautifully situated, the current use of the land leaves ample potential for enhancement: whether transforming it into formal gardens, equestrian areas, or other imaginative uses that reflect contemporary lifestyles. The interiors maintain historical elements such as exposed mill workings and classic fireplaces, but modernization could further elevate comfort and functionality. The ground floor includes a grand reception hall featuring oak flooring and a log burner, leading to charming living spaces ideal for both intimate gatherings and larger celebrations. The farmhouse kitchen is equipped with granite surfaces and an Aga stove, though future upgrades could add even more value. The first floor boasts an outstanding principal suite with unique architectural details, supplemented by additional bedrooms offering versatility for family life or guest accommodation. The second floor features two more double bedrooms providing privacy and independence. Outside, the property is approached via a sweeping driveway accented by a pond and offers extensive parking along with a double garage. The rich landscape includes vegetable gardens, riverside lawns, and several tranquil spots perfect for relaxation or recreation. Additional structures like playrooms or storage also hold promise for development into independent living quarters pending regulatory approval. Located in Ratcliffe on the Wreake—a quaint village that boasts convenient access to Leicester and Loughborough—this property embodies not only historical significance but exceptional investment potential as well.

Investment Analysis

(LE7 area)

Below Market Value

This property is priced -3.8% below area average per sq ft

-3.8%
Potential saving
This Property
£300/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£246
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,714,350
10% above area average per sq ft
Potential ROI
-2.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (LE7)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 3.9%
5 year growth: 14.1%
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

Thrussington Road, Ratcliffe On The Wreake, Leicester, LE7 4SQ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,410
Based on a loan of £1,125,000 over 30 years at 4.06% 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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