Worst House on the Street Logo
Land Opposite Launde Lodge Farm, Launde Road, Launde, Leicestershire - Image 1
Land Opposite Launde Lodge Farm, Launde Road, Launde, Leicestershire - Image 2
Land Opposite Launde Lodge Farm, Launde Road, Launde, Leicestershire - Image 3

Land Opposite Launde Lodge Farm, Launde Road, Launde, Leicestershire

East Midlands

£1,000,000

Listed on 09/10/2026

The listing

Property details

Bedrooms
N/A
Type
Plot

Features

  • Garden
  • Parking

Description

A substantial agricultural barn in a rural setting on the Leicestershire and Rutland border, offered with full planning permission for conversion into a detached five-bedroom home of approximately 5,000 to 6,000 sq ft. The approved scheme includes a change of use of the surrounding land to residential, and the vendor advises that groundworks have been completed and the permission implemented. Buyers should verify the planning status, conditions and completed works as part of their due diligence. The consented design retains the barn form, with timber cladding above a red brick plinth, rooflights and a double-height glazed feature opening to the south-east gable. Plans show a gated gravel drive with parking, gardens and a terrace. Changes to the approved design may be possible subject to the necessary planning permission. The application is recorded by Harborough District Council under reference 23/01397/FUL. The property is in the hamlet of Launde, near Launde Abbey and local walking routes. Oakham and Uppingham are each stated to be about six miles away, with Rutland Water also within driving distance. The listing notes road access towards Leicester and Market Harborough, and rail services from Oakham and Market Harborough.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

51out of 100
Grade DWeak opportunity

Confidence: LOW

At £1,000,000, the asking price is 45.6% below the local average per square foot, making the acquisition price a clear strength. This is a substantial countryside barn with implemented planning permission for a home of over 5,000 sq ft, and the approved design offers a distinctive double-height glazed gable, rooflights and a setting among mature trees and open fields.

The photos show a construction-stage shell, not a finished home: blockwork walls, exposed roof framing and unfinished ground leave the conversion to complete. That makes this a major build rather than an interior refresh, but the consented scheme provides a clear starting point, with scope to revisit the design subject to planning permission. The overall score is D: the low asking price and scale are attractive, while the extensive works and limited renovation-economics information temper the opportunity.

Key opportunities

  • Complete the consented conversion into a five-bedroom home of over 5,000 sq ft, with scope to adapt the approved plans subject to planning permission.
  • Create a distinctive principal living space around the approved double-height glazed gable, rooflights and timber-clad barn form.
  • Shape the setting with the approved driveway, garden and terrace scheme while retaining the mature trees and countryside outlook.

Key risks

  • The visible blockwork shell, exposed roof frame and construction debris mean a substantial build programme and budget, not a cosmetic refresh; the finished roof and external envelope are not shown.

Unlock the full analysis

Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.

Sign up free

Already have an account? Sign in

Interested in similar properties?

Create an alert and we'll notify you when similar renovation opportunities are listed.

Sign in to create alert

Map

Location

Land Opposite Launde Lodge Farm, Launde Road, Launde, Leicestershire
Loading map...

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,778
Based on a loan of £750,000 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Services

Next steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates