We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom house · LE17 5PL
For saleListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional four-bedroom Victorian farmhouse extending to approximately 3,075 sq ft, beautifully renovated and occupying a wonderfully private position on the rural edge of Gilmorton, with far-reaching countryside views, five reception spaces, landscaped gardens and approved planning permission for a two-storey extension.
Constructed in 1872, Gilmorton Lodge is a handsome and highly individual Victorian farmhouse that combines period character with generous, versatile accommodation arranged across three floors.
The property has been comprehensively renovated while retaining the proportions, warmth and architectural character of the original house.
Set against open Leicestershire countryside, the house enjoys a particularly attractive south-facing aspect, with principal rooms and bedrooms positioned to take advantage of uninterrupted views across adjoining fields.
Despite its peaceful rural setting, the property remains conveniently connected to Gilmorton village and the wider road network.
The Accommodation At the heart of the home is a wonderfully characterful living kitchen, where exposed roof timbers, painted cabinetry, timber work surfaces and an oil-fired Rayburn create a relaxed country-house feel.
The kitchen flows into an impressive dining and living space extending to over 32 feet, complete with a log-burning stove and direct access onto the courtyard — an excellent space for everyday family life and entertaining.
A separate utility room and ground-floor shower room add practicality. One of Gilmorton Lodge's defining features is the sheer variety of its living accommodation.
Five distinct reception spaces provide exceptional flexibility, ranging from the more formal Victorian principal lounge with traditional fireplace to relaxed family rooms featuring exposed timbers, vaulted ceilings and connections to the gardens.
Four log-burning stoves are positioned throughout the accommodation, adding warmth and atmosphere. The light-filled orangery provides another standout space.
Tall windows frame the south-facing countryside views, while glazed doors connect directly with the garden and courtyard.
A roof lantern draws additional natural light into the room, making this an ideal sitting room, informal dining area or place to simply enjoy the surrounding landscape.
The property also benefits from a dedicated cellar office, providing an excellent environment for those working from home.
Bedrooms & Bathrooms The first floor provides two generously proportioned bedrooms, both benefiting from excellent natural light and views across the surrounding countryside.
The principal family bathroom features a freestanding bath alongside a generous walk-in shower.
A further staircase rises to the second floor, where two additional double bedrooms sit beneath the roofline.
Exposed structural timbers and gently sloping ceilings give these rooms considerable character, while their proportions allow space for seating, study areas or substantial freestanding furniture.
Their elevated position also provides wonderful views across the gardens and open countryside beyond.
Gardens & Setting Outside, the gardens have been thoughtfully established as a series of connected spaces.
Formal lawns, mature hedging and abundant cottage-style borders surround the house, with flowering perennials and established planting creating colour and interest throughout the seasons.
A particularly attractive west-facing courtyard provides a sheltered setting for outdoor dining and entertaining, capturing the afternoon and evening sun and connecting naturally with the living kitchen.
Beyond the more intimate gardens, the outlook opens dramatically to the south across neighbouring countryside.
The property is approached via a gravelled driveway, with established hedging, mature trees and planting creating an immediate sense of privacy before revealing the handsome red-brick Victorian elevation.
Approved Planning Permission Importantly, Gilmorton Lodge also benefits from approved planning permission for a two-storey extension, presenting an exciting opportunity for the next owner to further enhance and expand an already substantial family home.
The approved scheme adds another dimension to the property's long-term potential, allowing a purchaser to enjoy Gilmorton Lodge as it stands today while retaining the option to create additional accommodation in the future, subject to implementation in accordance with the approved plans and conditions.
In Summary Gilmorton Lodge represents a rare opportunity to acquire a substantial period home combining approximately 3,075 sq ft of accommodation, four bedrooms, five reception spaces, a cellar office, landscaped gardens, extensive countryside views and approved planning permission for a two-storey extension.
Private, characterful and wonderfully connected to its surroundings, this is a home offering both an exceptional lifestyle today and exciting potential for the future.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs

FAQ
About Gilmorton Lodge, Gilmorton, Leicestershire
Explore nearby