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Coppice Side, SWADLINCOTE

East Midlands

£475,000
Listed on 20/02/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique opportunity for renovation or investment, set on approximately 0.6 acres of land. Currently, it features a spacious four-bedroom detached house along with a separate double garage and a generous garden space. The existing structure provides potential for those interested in maintaining the residence while also looking to capitalize on the site’s developmental possibilities. With planning permission already granted for the construction of 20 units, this property is well-positioned for developers or investors. The approved plans include eight three-bedroom houses, six two- or three-bedroom houses, and six one-bedroom flats, catering to a variety of market demands. The planning permissions were established in 2007 and reaffirmed through a Certificate of Lawful Use or Development issued in 2018, indicating that preliminary work has commenced. Located in Swadlincote, a growing town in South Derbyshire close to the Leicestershire border, this site benefits from excellent transport links and access to local amenities, medical facilities, and educational institutions. Its strategic position allows for easy commutes to larger cities like Derby, Leicester, Nottingham, and Ashby de la Zouch. The current home includes essential living spaces: a lounge measuring 27’7” x 13’1”, a dining room at 11’7” x 14’, and an expansive kitchen/diner of 26’10” x 10’10”. On the first floor are four bedrooms alongside a bathroom and separate WC. The external features include ample driveway space leading up to the double garage and a sizable rear garden primarily laid to lawn. This property not only offers immediate living accommodation but also significant potential for further development in line with local housing needs. Interested buyers are encouraged to review all relevant documents regarding planning permissions before pursuing any decisions. With its combination of size, location, and permitted development rights, this property stands out as an intriguing prospect for both homeowners seeking space and investors aiming to maximize returns through development.

Investment Analysis

(DE11 area)
Area Average
£239/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DE11)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 2.6%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on DE11 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

Coppice Side, SWADLINCOTE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE