4-bedroom detached house · LE15 7HU
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare and highly versatile opportunity to acquire Ivy House together with two self-contained, Grade II listed barn conversion, one-bedroom flats and a separate two-storey outbuilding, extremely competitively priced and situated within the popular Rutland village of Langham.
At the centre of the offering is Ivy House, an attractive and substantial four-bedroom character home combining considerable character with generous and flexible accommodation.
Features include exposed timbers, wooden flooring and an attractive period fireplace.
The ground-floor accommodation includes two generous reception rooms, a kitchen/diner with Aga and a study, providing excellent space for both family life and entertaining.
A useful utility/boot room and two separate WCs complete the ground floor.
Externally, Ivy House benefits from an attractive enclosed garden with lawn, paved seating areas and established planting plus a working well.
Also included is a separate two-storey outbuilding with WC/utility mini range with back boiler facility, offering excellent flexibility for use as a workshop or home office.
In addition to the main house in a barn conversion are two self-contained one-bedroom flats, each comprising a generous reception room, separate kitchen, double bedroom and shower room.
Flat 1 and Flat 2 are both offered with vacant possession, which could allow for potential of multi-generational living or investment accommodation.
Extremely competitively priced at £695,000 for the entirety, this is an unique opportunity offering excellent versatility for those looking for a substantial principal residence alongside potential investment accommodation, multi-generational living or a combination of home and income.
ALTERNATIVE PURCHASE OPTIONS: The properties are also available in alternative combinations.
Ivy House with the separate two-storey outbuilding is available at £495,000; Flat 1 is separately available at £115,000 with vacant possession; and Flat 2 is also separately available at £115,000 with vacant possession AGENTS NOTE: Flats are to be sold with 125 lease Council Tax Ivy House: F Flat 1: A Flat 2: A
Value & comps
No previous sales on record.
Returns
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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 Ivy House + Two Flats, Bridge Street, Langham
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