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Development Site off Vernon Lane, Kelstedge, Ashover - Image 1
Development Site off Vernon Lane, Kelstedge, Ashover - Image 2
Development Site off Vernon Lane, Kelstedge, Ashover - Image 3
Development Site off Vernon Lane, Kelstedge, Ashover - Image 4
Development Site off Vernon Lane, Kelstedge, Ashover - Image 5
Development Site off Vernon Lane, Kelstedge, Ashover - Image 6
Development Site off Vernon Lane, Kelstedge, Ashover - Image 7
Development Site off Vernon Lane, Kelstedge, Ashover - Image 8
Development Site off Vernon Lane, Kelstedge, Ashover - Image 9

Development Site off Vernon Lane, Kelstedge, Ashover

Yorkshire

£925,000
Listed on 05/10/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2745 sqft

Description

This property presents an intriguing opportunity for developers and investors looking to capitalize on the potential for residential development in a highly desirable location within Ashover Parish. Set on an expansive plot of approximately 0.92 acres, the site currently features a derelict stone-built dwelling alongside a covered swimming pool and extensive gardens. The layout and size suggest the possibility of subdividing the land for the construction of two or three detached homes, all benefiting from striking views over the valley. Located off Vernon Lane, which is a tranquil no-through road leading directly to scenic country footpaths, this site enjoys a rural setting while still being within easy reach of key amenities. The nearby villages and towns offer various services, with Ashover just 1.2 miles away, Matlock at 3.1 miles, Chesterfield 6.8 miles distant, and Bakewell approximately 10.6 miles away. Furthermore, urban centers like Sheffield, Derby, and Nottingham are all accessible within a 25-mile commute. The recent pre-planning advice indicates strong support for demolishing the existing structure to make way for new builds, suggesting that two spacious four- or five-bedroom properties could be particularly well-received in this area, with verbal guidance hinting that three units might also gain approval. While formal planning permission is not yet secured, comprehensive documentation regarding pre-application discussions is available to interested parties. Currently, the site includes a five-bedroom dwelling in need of significant renovation if retained as part of any redevelopment plan. However, many envision full redevelopment as the most viable option given the positive outlook on new constructions in this sought-after locale. This land is sold freehold with vacant possession upon completion and is connected to all mains services. It will be subject to a restrictive covenant permitting only detached dwellings up to a maximum of three units. Such development opportunities are rare in this picturesque region known for its natural beauty and community amenities. Viewing is strictly by appointment through our Bakewell office; we look forward to discussing this unique investment potential further.

Investment Analysis

(S45 area)

Above Market Value

This property is priced +45.7% above area average per sq ft

+45.7%
This Property
£337/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£207
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£698,410
10% above area average per sq ft
Potential ROI
-45.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (S45)

Area prices are falling by +7.9% over the last 12 months
3 year growth: -10.4%
5 year growth: 3.0%
Investment Disclaimer: Analysis based on S45 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

Development Site off Vernon Lane, Kelstedge, Ashover
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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
£3,389
Based on a loan of £693,750 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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