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Ramsley Fields, Station Road, Melbourne

East Midlands

£1,750,000
Listed on 23/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This 3.3-acre site presents a significant residential development opportunity within a well-known hotel and wedding venue, currently known as the Melbourne View Hotel. With approved planning consent for a high-end residential scheme (DMPA/2024/1202), the property offers the potential to transform existing structures into six apartments, a three-bedroom detached house, and a four-bedroom barn conversion, alongside an existing three-bedroom dwelling. The location is advantageous, being just one mile from Melbourne and close to the renowned Donington Park circuit and East Midlands Airport, making it appealing for prospective buyers or developers. This extensive site not only allows for residential conversion but could also maintain its hospitality function with necessary approvals due to its current infrastructure, which includes multiple function rooms and commercial kitchens. The existing buildings require attention to adapt them to modern standards while preserving their unique character. Interested parties can explore further details through the South Derbyshire District Council planning portal.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£500,000 - £800,000
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

Ramsley Fields, Station Road, Melbourne
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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
£6,312
Based on a loan of £1,312,500 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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