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Snelsmoor Lane, Chellaston

East Midlands

£325,000
Listed on 24/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a promising opportunity for residential development situated on a 0.27-acre plot with approved planning consent for a spacious five-bedroom detached dwelling. Located on the fringe of Chellaston, approximately five miles from Derby city centre, this land is positioned within a desirable suburb known for its strong community, reputable schools, and local amenities. With strategic transport links nearby, including access to the A50, A38, and M1 Motorway, as well as proximity to East Midlands Airport just 20 minutes away, this location is ideal for both commuting and leisure. The plot's rectangular shape and roadside positioning make it well-suited for development. The granted planning permission on July 10th, 2025 (reference 25/00840/0UT) outlines the construction of a generous two-storey residence measuring around 3,300 sq ft (307 sq m). This site presents an excellent investment opportunity for small-scale developers or self-builders eager to capitalize on the growing demand in this area. With all main services presumed to be available and comprehensive site information accessible upon request, this property is ready for immediate development consideration.

Investment Analysis

(DE73 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
92%
Properties sold annually

Local Market Trend (DE73)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +1.1%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on DE73 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

Snelsmoor Lane, Chellaston
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,172
Based on a loan of £243,750 over 30 years at 4.06% 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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