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Melton Road, Shangton, LE8

East Midlands

£1,300,000
Listed on 14/03/2026

Property Details

Bedrooms
4
Type
Barn Conversion
Area
2743 sqft

Description

This distinctive four-bedroom barn conversion, set on approximately 1.72 acres in the tranquil hamlet of Shangton, Leicestershire, presents a unique opportunity for those looking to invest in a property with considerable potential. Known as Lakeside Lodge, this residence offers an exceptional blend of architectural charm and contemporary living. Beyond the electric gates and down the driveway lies a home that boasts not only a private lake and expansive terrace but also a commercially rated barn along with a separate studio space. The property features ample living areas including three generous reception rooms, two en-suites, and a family bathroom. Notably, planning permission has been secured for an additional fifth bedroom above the current lounge, allowing for further enhancement of this already impressive home. Inside, the entrance hall leads to a warm sitting room adorned with a striking fireplace and large windows offering picturesque views. The expansive open-plan area seamlessly integrates kitchen, dining, and living spaces—with modern fittings such as granite countertops and bi-fold doors that connect indoor and outdoor settings. The vaulted ceilings add an inviting sense of space. In addition to its residential qualities, the substantial barn provides significant commercial potential or could be transformed for various leisure uses—further enhancing investment prospects. Its current configuration as a commercial asset adds versatility to its functionality. The exterior is equally captivating; spacious landscaped grounds include sweeping lawns leading to the enchanting private lake—a perfect backdrop for gatherings or leisurely moments immersed in nature. A tiered courtyard garden enhances outdoor living options while providing privacy. With nearby Market Harborough offering essential amenities and transport links to Leicester and London within easy reach, this property combines rural serenity with convenience. Lakeside Lodge is more than just a home; it’s an investment opportunity waiting to be unlocked.

Investment Analysis

(LE8 area)

Above Market Value

This property is priced +56.8% above area average per sq ft

+56.8%
This Property
£474/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£911,979
10% above area average per sq ft
Potential ROI
-35.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (LE8)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +1.7%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on LE8 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

Melton Road, Shangton, LE8
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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
£4,689
Based on a loan of £975,000 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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