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Development Site at Bridge House, Bridge Street, Packington - Image 1
Development Site at Bridge House, Bridge Street, Packington - Image 2
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Development Site at Bridge House, Bridge Street, Packington - Image 9
Development Site at Bridge House, Bridge Street, Packington - Image 10
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Development Site at Bridge House, Bridge Street, Packington

East Midlands

£1,150,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents an intriguing opportunity for those interested in renovation and development within the charming village of Packington, Leicestershire. The main feature is a spacious semi-detached house that spans three stories and encompasses approximately 3,689 square feet. With its distinctive rendered brick facade and pitched tiled roof, the house offers substantial living space and is positioned on a generous 1.15-acre plot that also includes land earmarked for further development. The existing structure is well-suited for refurbishment, allowing potential buyers to create a family home that meets modern standards while taking advantage of its central location within the village. Local amenities—including a convenience store, café, and pub—are all within walking distance, making this an appealing option for families or individuals seeking community-oriented living. In addition to the renovation potential of the main residence, the property has received planning permission for two detached residential homes with garages. These proposed homes are designed with contemporary layouts that include features like open-plan living spaces, multiple bedrooms with ensuites, and ample outdoor areas. Plot 1 is estimated at 1,850 square feet while Plot 2 is larger at 3,150 square feet. This dual development presents a sound investment opportunity as new builds in desirable locations often attract significant interest from buyers. Situated just two miles from Ashby de la Zouch and benefitting from easy access to major transport routes—including the Midlands motorway network—this location combines rural charm with urban convenience. The property’s proximity to larger market towns ensures that residents can enjoy both local community aspects and wider commercial services. The site benefits from mains electricity, water, drainage, and gas heating; however, prospective buyers should conduct their own due diligence regarding utility capacities related to the planned residential developments. Additionally, access to the property is straightforward via Bridge Street—a publicly adopted road facilitating traffic flow between existing and proposed residences. While there are considerations concerning nearby flood zones—particularly adjacent to Gilwiskaw Brook—any interested party should review planning documents available through North West Leicestershire District Council for detailed insight into regulations or restrictions affecting development. Overall, this property not only offers significant potential for personal customization through renovation but also stands as a promising investment in a growing area with plenty of community appeal.

Investment Analysis

(LE65 area)
Area Average
£296/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE65)

Area prices are falling by +4.9% over the last 12 months
3 year growth: -3.2%
5 year growth: 5.9%
Investment Disclaimer: Analysis based on LE65 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 at Bridge House, Bridge Street, Packington
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,213
Based on a loan of £862,500 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