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Windmerpool Lane, Willoughby On-The-Wolds, LE12

East Midlands

£2,000,000
Listed on 16/04/2026

Property Details

Bedrooms
5
Type
Detached
Area
4045 sqft

Description

This property presents a rare chance to invest in a distinctive country residence with ample renovation potential. Nestled within approximately 13 acres of scenic countryside, this American-style barn is primed for conversion into a contemporary home following existing planning permissions and architect-designed proposals. The estimated Gross Development Value (GDV) of £2 million highlights its lucrative potential as a standalone dwelling. In addition to the main barn structure, there are several traditional brick outbuildings that may provide further development opportunities pending necessary consents. The main residence spans over 4,000 sq ft and features five spacious double bedrooms, combining character elements with modern amenities. Moreover, the property includes excellent equestrian facilities, such as a riding arena and a large barn accommodating ten stables, appealing to horse enthusiasts or those interested in creating an income-generating lifestyle. Inside, the home boasts a striking kitchen diner with high-quality finishes and abundant natural light, while further practical spaces include utility rooms and versatile areas suitable for multi-purpose use. The upper floor accommodates well-sized bedrooms with stylish en suite facilities. The expansive grounds offer well-maintained paddocks and additional storage in brick outbuildings, both of which enhance the property's overall appeal and future development scope. Located near Willoughby-on-the-Wolds village, this property is conveniently positioned for commuting to nearby towns while enjoying a tranquil rural atmosphere. With its combination of space, lifestyle benefits, and significant investment prospects, this property stands out as an exceptional opportunity in the current market.

Investment Analysis

(LE12 area)

Above Market Value

This property is priced +64.9% above area average per sq ft

+64.9%
This Property
£494/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,333,960
10% above area average per sq ft
Potential ROI
-40.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
84
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE12)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +2.9%
5 year growth: +16.6%
Investment Disclaimer: Analysis based on LE12 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

Windmerpool Lane, Willoughby On-The-Wolds, LE12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£7,084
Based on a loan of £1,500,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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