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Former Methodist Church, Main Street, Worthington, Ashby-De-La-Zouch, Leicestershire LE65 1RX
Marketed by:
BTG Eddisons
340 Deansgate, Manchester M3 4LY, UK
0345 646 2288
Conversion / Development Opportunity – Ashby-De-La-Zouch
Former Methodist Church, Main Street, Worthington, Ashby-De-La-Zouch, Leicestershire LE65 1RX
For Sale
£59,000+
Key Features
Conversion / Development Opportunity
Located in Ashby-De-La-Zouch
Guide price £59,000+
Status: For Sale
Description
Description A former Grade II Listed Methodist Church with planning permission for residential conversion. The property is situated in the ever desirable village of Worthington, just a couple of miles from Ashby de la Zouch and the Motorway network.
Planning permission was granted in December 2025 for conversion to a single residential dwelling. Ref 23/01595/FUL. The property will comprise of a large open plan living / kitchen / dining area to the ground floor with large mezzanine bedroom above.
An unique investment property in a highly regarded location. Tenure Freehold Occupancy Vacant possession upon completion
Investment Analysis
Investment Snapshot
| Guide Price | £59,000+ |
| Refurbishment / Works Budget | £8,500–£18,000 |
| Purchase + Works | £67,500–£77,000 |
| Estimated GDV | £62,000 low / £68,000 base / £73,000 high |
| 75% Refinance – Base GDV | £51,000 |
Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.
Market Comparables
Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £67,850.
HB estimated GDV: £62,000 low / £68,000 base / £73,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.
Proposed Works
| Compliance/surveys | £1,000–£2,000 |
| Repairs | £1,500–£3,500 |
| Decoration/flooring | £2,000–£4,500 |
| Kitchen/bath contingency | £2,500–£5,000 |
| Contingency | £1,500–£3,000 |
| Total | £8,500–£18,000 |
The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.
Strategy & Value Analysis
This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.
Key Risks
Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.
Auction Details :
BTG Eddisons
Auction Date :
29/09/26
Lot Number :
039
Property Location:
Former Methodist Church, Main Street, Worthington, Ashby-De-La-Zouch, Leicestershire LE65 1RX
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