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The Square, Thurnby, LE7

East Midlands

£1,250,000

Listed on 27/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1841 sqft

Description

This unique period farmhouse presents a compelling opportunity for renovation and investment within Thurnby’s conservation area. Set on approximately 4.13 acres, the property not only boasts substantial outdoor space but also has planning permission in place for a detached bungalow along with an annexe or garage. Firs Farm, dating back to the 18th century, retains much of its character while offering a flexible living space ideal for families and those looking to create a more modern touch. The home features around 1,840 sq ft of well-arranged accommodations over two levels, including four bedrooms, a versatile office, and several reception areas that capture the charm of its era. A standout feature is the hand-painted Devol kitchen equipped with integrated appliances and traditional quarry tiled flooring, which complements the tasteful improvements made throughout the home. The extension adds a contemporary family room with vaulted ceilings and exposed brickwork that harmonizes beautifully with the original structure. The expansive grounds include established gardens and gravelled parking leading towards the additional plot approved for development. With services already considered for the bungalow site and footings installed for the garage/annexe, future buyers can benefit from reduced groundwork efforts. Beyond development potential, approximately 3.75 acres of paddock land offer further lifestyle options or equestrian use, making this property ideal for those seeking rural tranquility with community appeal. As Thurnby continues to be one of East Leicestershire’s favored villages due to its amenities and transport links to Leicester and beyond, this property is an intriguing prospect that combines heritage with considerable investment potential.

Investment Analysis

(LE7 area)

Above Market Value

This property is priced +118.7% above area average per sq ft

+118.7%
This Property
£679/sq ft
Area Average
£311/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£628,794
10% above area average per sq ft
Potential ROI
-53.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LE7)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -0.3%
5 year growth: +8.7%
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

The Square, Thurnby, LE7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£4,460
Based on a loan of £937,500 over 30 years at 3.97% 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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