3-bedroom bungalow · LE17 5NL
For saleListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Old Forge is located in the sought after village of Ashby Magna.
A period conversion offering a unique and fantastic professional or family home, it benefits from spacious accommodation throughout and the potential to create further space in the old stable block to the rear (subject to necessary planning consents).
Viewing comes highly recommended to appreciate. In brief the property comprises of a storm porch giving access to the generous entrance hallway with access to roof storage.
To the front of the property there is a generous living room with vaulted ceiling, dual aspect windows and feature fireplace with log burner.
Located to the rear of the property is the feature 20ft open plan kitchen/dining room, a fantastic social space with vaulted ceiling, five velux style windows, side bi fold doors leading to the garden, base and wall units and central island.
Located off the kitchen is a study/entrance area which in turn leads to the utility space and cloaks/WC.
There are three double bedrooms all located of the hallway and a modern family bathroom with suite and additional shower.
The principal bedroom also has the benefit of an en suite shower room/WC and a walk in robe. The property further benefits from underfloor heating and double glazing.
Externally to the front the is a gravel driveway providing off road parking and there are double gates leading to the garden area.
The garden benefits from a social decking area with seating and hot tub areas, lawn with raised borders and fence surround.
Located to the rear of the plot is the former stable block comprising of three units currently offering great storage space but with the potential to offer further accommodation (subject to the necessary planning consents).
EPC ratings awaited, Council tax is band D.
Living Room 18' 4" into rec x 14' 10" (5.59m x 4.52m) Open Plan Kitchen/Dining Room 20' 5" x 14' 6" (6.22m x 4.42m) Study/Play Area 12' 9" x 9' 1" (3.89m x 2.77m) Bedroom 1 11' 8" x 9' 5" (3.56m x 2.87m) Bedroom 2 11' 9" x 11' 7" (3.58m x 3.53m) Bedroom 3 11' 6" x 7' 9" (3.51m x 2.36m) Family Bathroom 10' 2" x 5' 9" (3.10m x 1.75m) Former Stable Block To Rear Stable 1 - 17' 4" x 11' 4" (5.28m x 3.45m) Stable 2 - 18'3 x 10'3" (5.56m x 3.12m) Stable 3 - 17'8" x 8'0" (5.38m x 2.44m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About The Old Forge, Old Forge Road, Lutterworth
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