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Land with planning FOR SALE, Pit Lane, Ketton PE9 3SZ - Image 1
Land with planning FOR SALE, Pit Lane, Ketton PE9 3SZ - Image 2
Land with planning FOR SALE, Pit Lane, Ketton PE9 3SZ - Image 3

Land with planning FOR SALE, Pit Lane, Ketton PE9 3SZ

East of England

£950,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This 1.7-acre parcel of land presents a promising opportunity for developers and investors, complete with planning permission for 18 industrial units, totaling approximately 23,625 square feet once completed. The site is well-prepared for development, being clean and level with established access roads from nearby properties. Located in Ketton, the land benefits from proximity to a recently constructed industrial park that hosts a mix of fully occupied facilities, including retail spaces, offices, and fitness centers. This established presence in the area enhances the potential appeal of the planned industrial units for future tenants or buyers. Accessibility is another strong point; the site is conveniently situated less than two miles from the A1, providing excellent north and southbound transport links. Ketton itself, part of Rutland in the East Midlands, offers a small community feel with amenities that cater to local needs while being just a short drive from larger towns like Oakham and Stamford. With its strategic location and existing planning permissions, this property represents a solid investment opportunity. The current zoning allows for various uses within the industrial sector, making it suitable for businesses looking to establish themselves in a growing area. This development could significantly contribute to addressing local demand for industrial space while offering promising returns on investment over time. Prospective buyers are encouraged to view the site from Pit Lane without prior appointment; however, appointments can be arranged through P&F Commercial for those wishing to walk the property entirely.

Investment Analysis

(PE9 area)
Area Average
£339/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,800,000 - £2,400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -4.6%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on PE9 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

Land with planning FOR SALE, Pit Lane, Ketton PE9 3SZ
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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
£3,480
Based on a loan of £712,500 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