Looking at the census returns, the house seems to have been at the northwestern end of the village, near to the school. There are still a good number of older houses all along the Main St in Thornton, though I can't say whether this particular one is amongst them.
You may like to look at this website:
http://www.leicestershirevillages.com/thornton/the picture on the oopening page is of main street, looking north-west towards the end of the village, and there's a copy of an ordnance survey map of 1885 on the site.