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Mill Lane, Caldecott, Market Harborough, Leics.

East Midlands

£595,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1814 sqft

Description

Merrie Cottage presents a unique opportunity to acquire a charming detached period home, nestled within a spacious plot in a desirable village setting. This historic stone-built residence, topped with a classic slate roof, includes several adaptable outbuildings such as stables, making it ideal for various redevelopment possibilities. The property boasts delightful mature gardens that provide a peaceful retreat from the outside world. Character abounds in this home, featuring appealing elements like exposed beams and distinctive fireplaces throughout its three well-sized floors. The existing layout allows for generous accommodation while also inviting thoughtful modernisation to align it with contemporary living standards. Currently equipped with gas central heating and partial double glazing, there's substantial potential for enhancement. The ground floor offers multiple reception rooms including a Sitting Room with an open fireplace, an elegant Drawing Room with bay window views of the garden, and a spacious Dining Room. The Breakfast Kitchen is functional yet ripe for upgrades. Upstairs, find three sizeable Double Bedrooms alongside a Family Bathroom, while the top floor loft space provides additional flexible living options. With the outbuildings opening doors to new ventures—potentially including residential conversion (subject to necessary planning permissions)—this quintessential period property is perfect for those looking to invest in renovations that can truly reflect personal tastes and lifestyle needs.

Investment Analysis

(LE16 area)

Below Market Value

This property is priced -0.6% below area average per sq ft

-0.6%
Potential saving
This Property
£328/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£658,582
10% above area average per sq ft
Potential ROI
-2.4%
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

Mill Lane, Caldecott, Market Harborough, Leics.
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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
£2,180
Based on a loan of £446,250 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