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Rearsby Road, Thrussington, Leicester

East Midlands

£650,000Guide Price

Listed on 08/05/2026

Property details

Bedrooms
4
Type
Detached

Description

This property presents a significant development opportunity within the charming village of Thrussington, complete with full planning permission. The former Blue Lion Public House is set to be transformed into a spacious four-bedroom detached family home, alongside a new build three-bedroom bungalow. Both projects will offer potential buyers ample scope for customization, as the approved plans allow flexibility for alterations, subject to necessary consents. The former public house conversion features an intelligent layout comprising two reception rooms and three bathrooms across approximately 191.5 square meters (2,061 square feet), while the bungalow covers around 107.3 square meters (1,155 square feet) with modern living conveniences including en-suite facilities. This site benefits from a desirable community setting with local amenities and excellent transport links, making it an attractive investment for those looking to enter the thriving property market in this area. Offered at auction with an open bidding format, this is a unique chance to acquire a project ready for development that can cater to various buyer needs in a sought-after location.

Investment analysis

(LE7 area)
Area Average
£306/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +2.2%
5 year growth: +6.8%
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

Rearsby Road, Thrussington, Leicester
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 over 30 years at 4.45% 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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