Canal Lane, Hose

East Midlands

£700,000

Listed on 13/07/2026

Property details

Bedrooms

N/A

Type

Plot

Description

This is a promising development site located at the intersection of Canal Lane and Meadow Lane, offering outline planning permission for the construction of up to nine residential units (Planning Number: 25/01172/OUT from Melton Borough Council). Covering an area of 0.7 acres, this currently undeveloped paddock field presents a unique opportunity for investment in a growing area. All necessary services are readily accessible from the road, ensuring a straightforward development process. Final written Planning Permission is expected soon, making this an attractive prospect for developers looking to capitalize on residential growth in the East Midlands.

Investment analysis

(LE14 area)

Area Average

£289/sq ft

Avg Rent (weekly)

£315

Avg Yield

3.5%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£150,000 - £250,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (LE14)

Area prices are falling by -2.2% over the last 12 months

3 year growth: +0.4%

5 year growth: +0.2%

Investment Disclaimer: Analysis based on LE14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Canal Lane, Hose

Loading map...

Open map

Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£2,645

Based on a loan of £525,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Mortgages That Work Around You

From first-time buyers to remortgages and buy-to-let, get expert advice and competitive deals tailored to you. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Learn more

Next Steps

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Similar properties

Canal Lane, Hose

Property details

Description

Investment analysis

Renovation Potential

Local Market Trend (LE14)

Location

Mortgage calculator

Stamp duty calculator

Next Steps

Get help with this property

Mortgages That Work Around You

Next Steps

Get help with this property

Similar properties

Forest House Lane, Leicester Forest East, LE3

Cardinals Walk, Leicester, LE5

Court Close, Kirby Muxloe, LE9

Uppingham Road, Leicester

Ashby Road, Markfield

Spinney Lane, Stretton, LE15

The Cottage, Nottingham Road, Costock, Loughborough, Leicestershire

Crocket Lane, Empingham, Oakham

St. Catharines Way, Leicester

Manor Road, Thurmaston, Leicester, LE4