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Melton Road, Shangton, LE8

East Midlands

£1,300,000

Listed on 01/07/2026

Property details

Bedrooms
4
Type
Barn Conversion
Area
2743 sqft

Description

Lakeside Lodge stands out as a remarkable four-bedroom barn conversion nestled on approximately 1.72 acres of lush, landscaped grounds in the serene hamlet of Shangton, Leicestershire. This property presents a rare opportunity for those looking to invest in a home with significant potential for enhancement. The existing structure boasts a private lake, extensive terrace, and a commercially-rated barn that opens up numerous possibilities for business or creative pursuits. Notably, planning permission has been secured to add a fifth bedroom above the lounge, illustrating the property’s capacity for expansion and customization. The spacious interior features multiple reception rooms and en-suites catering to modern living while maintaining its unique character through design elements such as vaulted ceilings and exposed brickwork. The outdoor areas are equally impressive, offering expansive lawns and an intimate courtyard garden perfect for relaxation or entertainment. With ample parking provisions and additional outbuildings that already meet residential standards, this property is ideal for families or investors looking to capitalize on both renovation opportunities and attractive rural living.

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Investment analysis

(LE8 area)

Above Market Value

This property is priced +56.2% above area average per sq ft

+56.2%
This Property
£474/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£915,751
10% above area average per sq ft
Potential ROI
-36.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LE8)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +0.2%
5 year growth: +4.2%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£4,911
Based on a loan of £975,000 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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