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Back Lane, Cotes, Loughborough

East Midlands

£1,300,000

Listed on 11/10/2026

The listing

Property details

Bedrooms
7
Type
Detached

Features

  • Garage
  • Garden
  • Parking

Description

Set within approximately three acres in the hamlet of Cotes, this property comprises a substantial five-bedroom main house, a two-bedroom adjoining annex and a separate character cottage dating from the 1600s. The arrangement offers scope for multi-generational occupation or a business use, subject to the relevant checks. The cottage is described as requiring renovation, while the main house and annex provide extensive existing accommodation. The main house, built in 1994, has a large entrance hall with a galleried landing, three reception rooms, a breakfast kitchen, utility room, pantry and ground-floor WC. Upstairs are five bedrooms, three with en-suites, a family bathroom and a substantial attic room. The annex has two double bedrooms, an en-suite, a separate shower room, a breakfast kitchen and a lounge-diner. The listing also identifies the attic as having potential for further conversion, subject to feasibility and any necessary consents. The grounds include formal gardens and a paddock, with extensive parking and a double garage. Cotes is positioned near the A60, with access to Loughborough, its railway station, Nottingham, Leicester, the M1 and M42, and East Midlands Airport. The property is offered with no chain. The separate cottage and the scale of the site are the principal elements requiring further investigation, including the cottage's condition and any permissions needed for proposed uses.

WHOTS analysis

Our WHOTS verdict

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

49out of 100
Grade ELow opportunity

Confidence: LOW

This is a rare, multi-building project: a substantial main house and usable-looking annex sit alongside a character cottage with visibly deteriorated interiors. The cottage offers the clearest scope to create value, while the dated finishes in the main house and annex leave room to refresh the wider property; the extensive grounds, paddock and hardstanding add to its distinctive appeal. The attic room is described as having conversion potential, though feasibility and permissions are unverified.

The score is 49/100, grade E, with the project’s scale and the cottage’s condition weighing on the overall opportunity. Floor area is missing, so value against local £/sq ft cannot yet be judged. The £45,000–£90,000 renovation range gives an indication of the planned works, but the cottage’s hidden condition is not established by the photographs.

Key opportunities

  • Refurbish the separate 1600s cottage as an additional home or explore its potential for holiday accommodation.
  • Refresh the main house’s traditional finishes while retaining its substantial reception spaces and established layout.
  • Make the most of the distinct main house, annex and cottage arrangement, alongside the three acres, paddock and extensive hardstanding.

Key risks

  • The cottage’s damaged plaster, debris, worn or incomplete fittings and deteriorated finishes, together with dated finishes elsewhere, make the £45,000–£90,000 works a substantial multi-building programme rather than a cosmetic refresh.
  • The cottage’s hidden condition cannot be established from the photographs, and its roof and structure are not confirmed.

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Map

Location

Back Lane, Cotes, Loughborough
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Finance

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£
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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.

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