Auction

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Auction

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2 bed house for sale Rushes Lane, Lubenham, LE16

Auction Guide

£150,000

Added on 12/03/2026

For sale by auction

Type: Cottage
Bedrooms: 2
Bathrooms: 1
Tenure: Freehold

Key features

For Sale by Public Auction
Wednesday 18th November 2026 at 6pm
Rare development and investment opportunity
Substantial and generously sized plot
Two-bedroom character terraced cottage
Excellent scope for extension or reconfiguration (STPP)
Wealth of original period features
Ideal for developers, investors or owner-occupiers seeking a project
Convenient existing accommodation over two floors

About this property

For Sale by Public Auction. A Rare Development Opportunity with Character, Generous Plot and Scope for Improvement

A charming two-bedroom terraced cottage occupying a substantial and unusually generous plot, offering excellent potential for redevelopment, extension or reconfiguration, subject to the necessary planning and other consents. The property will appeal particularly to developers, investors and buyers looking for a project, with the extensive garden providing a significant amount of additional outside space and potential to explore alternative uses or an extension of the existing accommodation, subject to planning.

Council tax

Ask agent

Per year

Band A

£1,593
Band B

£1,859
Band C

£2,124
Band D

£2,390
Band E

£2,921
Band F

£3,452
Band G

£3,983
Band H

£4,780

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Harborough, 2026/27 bills run from £1,593 a year in band A to £4,780 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Harborough, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Location

Rushes Lane, Lubenham, LE16

Open map Street View

Mortgage and stamp duty

Property price £150,000

£75k £225k

Deposit10% £15,000

£0 £150k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £135,000 mortgage. Most lenders would want a household income of about £30,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
12, Rushes Lane Terraced	Terraced	Apr 2026	n/a	n/a	n/a	£513,750
17, Rushes Lane Terraced	Terraced	Mar 2026	732 sq ft £318/sq ft	732 sq ft	£318	£232,750
37, Rushes Lane Semi-detached	Semi-detached	Dec 2025	743 sq ft £357/sq ft	743 sq ft	£357	£265,000
35, Rushes Lane Semi-detached	Semi-detached	Apr 2024	926 sq ft £302/sq ft	926 sq ft	£302	£280,000
37, Rushes Lane Semi-detached	Semi-detached	Jan 2024	743 sq ft £303/sq ft	743 sq ft	£303	£225,000
Queensferry, Cherry Angel Stables, Rushes Lane Terraced	Terraced	Apr 2023	n/a	n/a	n/a	£375,000
27, Rushes Lane Semi-detached	Semi-detached	Sept 2022	947 sq ft £277/sq ft	947 sq ft	£277	£262,000
17, Rushes Lane Terraced	Terraced	Apr 2022	732 sq ft £314/sq ft	732 sq ft	£314	£230,000