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Pingle Lane, Bishop Norton

East Midlands

£700,000
Listed on 11/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
2900 sqft

Description

'New Holme Farmhouse' presents a unique opportunity for renovation enthusiasts or investors seeking to enhance this substantial Georgian property set in the serene surroundings of Bishop Norton. Offering nearly 2900 square feet of versatile living space, this residence, set on approximately 2.56 acres, includes a large detached barn and a wealth of character features that can be harmoniously blended with contemporary updates.<br><br>The layout comprises three expansive reception rooms, with a dual-aspect lounge featuring an inviting bay window and open fireplace that could benefit from modernisation to match the home's historical elegance. The separate dining room retains its classic charm with similar details, while the extensive living dining kitchen reflects practicality with its generous space and log burner; yet it provides opportunities for further enhancement.<br><br>With five well-sized bedrooms and multiple bathrooms, there’s scope for reconfiguration to suit modern lifestyles or family needs. The property also includes essential utilities like a laundry room and pantry that may require updating but add to the functionality of the home.<br><br>Outside, the extensive grounds feature formal gardens, an orchard, two paddocks, and significant parking space. The detached barn adds immense potential for conversion to additional living space or workspace—ideal for creative endeavours or as income-generating opportunities (subject to planning regulations). This property is poised for transformation while maintaining its historical allure in a peaceful rural locale.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£241/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£715,996
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.2% over the last 12 months
3 year growth: -3.7%
5 year growth: +13.9%
Investment Disclaimer: Analysis based on LN8 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

Pingle Lane, Bishop Norton
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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
£2,525
Based on a loan of £525,000 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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