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See how verdicts work6-bedroom house · LE7 4SQ
No longer listedListed 118 days
Opportunity summary
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About
Rearsby Mill A Rare Opportunity to Own a Piece of History on the River Wreake Summary Steeped in history and full of charm, Rearsby Mill is a Grade II listed former watermill dating back to 1815, occupying a breathtaking 6.19-acre riverside plot.
Extending to over 4,400 sq. Ft.
Across three storeys, the property offers six bedrooms including two with en suite facilities, four versatile reception rooms, and a host of characterful features that tell the story of its working past.
With outbuildings that could be converted into secondary accommodation (subject to planning), stabling, and sweeping grounds, this is more than just a house.
It is a once-in-a-lifetime opportunity to create a family legacy. The current owners have hosted two weddings here, testament to its beauty as a setting for life’s most treasured moments.
Lifestyle & Potential The Mill enjoys an idyllic setting, framed by the gentle flow of the River Wreake, open countryside, and the sound of water over the weir.
This is a home that embraces both grandeur and intimacy, a place to host gatherings or enjoy peaceful solitude. The land is currently under-utilised, but offers remarkable scope.
It could be landscaped into formal gardens, transformed into paddocks for equestrian use, or even adapted with new facilities to suit modern family life.
With its combination of history, scale and setting, the possibilities are limited only by imagination.
Ground Floor A welcoming oak-framed storm porch leads into a magnificent reception hall with gallery landing, log burner, and oak flooring.
The formal sitting room exudes character with exposed mill workings, inglenook fireplace, and dual aspect views.
A snug offers a cosy retreat, while the dining room with its stone fireplace is ideal for entertaining.
At the heart of the home, a traditional farmhouse-style kitchen blends heritage charm with modern convenience, featuring granite worktops, an Aga and central island.
French doors lead into a breakfast room with views of the gardens. A large utility, boot room, cloakroom, and direct access to the double garage complete the ground floor.
First Floor The principal bedroom is truly exceptional, with exposed mill workings, a millstone feature, and elevated sleeping area with views over the mill pond.
A walk-in wardrobe and luxurious en suite complete the suite. A further en suite double bedroom with vaulted ceiling and exposed truss provides a striking second option.
Two more double bedrooms share a family bathroom, and a dedicated study adds flexibility.
Second Floor The top floor offers two further double bedrooms with superb south-facing views, perfect for older children, guests, or as a self-contained ‘teenagers’ level’.
Outside Approached by a sweeping driveway, the Mill is fronted by a picturesque pond and bridge, with parking, turning circle, and double garage.
The grounds stretch to 6.19 acres, including two paddocks, stables, vegetable gardens, riverside lawns, and tranquil seating areas.
A glass summer house with power and timber flooring provides the perfect retreat or workspace.
Outbuildings including a playroom, gardener’s store, and boathouse present excellent annexe potential (STPP). This landscape is not just land; it is a canvas for a lifestyle.
From family weddings to quiet evenings by the river, Rearsby Mill has already hosted cherished memories and is ready to embrace the next chapter.
Location Ratcliffe on the Wreake is a charming and unspoilt village with excellent connections to Leicester, Loughborough, and Melton Mowbray.
Thrussington, just moments away, offers a village green, church, shop, two public houses, and a well-regarded primary school.
Nearby Sileby and Cossington provide further amenities and rail links to London in as little as 1 hour 25 minutes.
For families, Ratcliffe College, a highly regarded independent school, is just 2.1 miles away.
Key Features Grade II listed former mill dating back to 1815 Six bedrooms including two en suite Four reception rooms full of character Outbuildings with annexe potential (STPP) Stabling, paddocks and 6.19 acres of grounds Glorious riverside setting overlooking the River Wreake Extending to over 4,400 sq.
Ft. Of living space This is not just a home. It is a legacy.
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
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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.
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FAQ
About Rearsby Mill, Thrussington Road, Leicester
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