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Wilbarston, Market Harborough, Northamptonshire LE16 - Image 1
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Wilbarston, Market Harborough, Northamptonshire LE16

East Midlands

£1,000,000
Listed on 07/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
5974 sqft

Description

This Grade II listed farmhouse presents a significant opportunity for renovation and development on an expansive plot of approximately 2.3 acres, characterized by stunning rural views. The property, known as Dale Farm, features a substantial ironstone farmhouse that spans nearly 6,000 square feet and is rich in original character yet in need of comprehensive modernization. The main residence offers the potential to be transformed into a single grand dwelling or divided into multiple residential units, subject to planning permissions. Additionally, there is a large attached outbuilding and a charming two-storey coach house that provide further avenues for development. Other outbuildings and open-sided barns add to the versatile potential of the site, complemented by a separate brick garage. Nestled in a tranquil setting, the property boasts extensive gardens and grounds alongside a small paddock. Its layout includes three separate vehicular access points, with buildings organized around a central courtyard. The well-maintained grounds contribute to the overall appeal while providing ample space for various future uses. Historically, planning consent was granted for development in 1986, with subsequent approvals related to listed building status in 1991. While part of the farmhouse has been converted following these permissions, it is essential for prospective buyers to verify the current status of these consents and any associated conditions. Located in Wilbarston—a picturesque village on the edge of the Welland Valley—the property benefits from its proximity to Market Harborough. The village offers essential amenities including a church, public house, village store/café, and an active community hall hosting various events. Families will appreciate the local park and playground as well as access to highly regarded educational institutions. Excellent transport links enhance its appeal; Market Harborough Railway Station connects directly to London St. Pancras in about an hour and offers convenient road access to major routes like the M1 and A14. This property is being sold freehold with vacant possession and will require all interested parties to conduct their own due diligence regarding planning history and potential alterations. Service connections include mains water, electricity, drainage, and gas; however, none have been tested by the selling agents. In sum, this property represents not only a home imbued with historical charm but also a canvas ripe for transformation—ideal for investors or those seeking a sizable project in an attractive rural location.

Investment Analysis

(LE16 area)

Below Market Value

This property is priced -49.6% below area average per sq ft

-49.6%
Potential saving
This Property
£167/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£100,000 - £250,000
10-25% of property value
Target Value
£2,180,391
10% above area average per sq ft
Potential ROI
+74.4%
After renovation
Monthly Sales
30
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LE16)

Area prices are falling by +2.9% over the last 12 months
3 year growth: -1.0%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on LE16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Wilbarston, Market Harborough, Northamptonshire LE16
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