36 - 38 Wartnaby Road, AB Kettleby, Melton Mowbray, Leicestershire LE14 3JJ

This development site presents an intriguing investment opportunity located in a sought-after village. Currently, the property consists of two semi-detached houses that have been converted into four self-contained one-bedroom flats. With three units currently generating £600 per month and one vacant, the site offers the potential for annual rental income approaching £34,000. Furthermore, full planning permission is in place for the demolition of the existing flats and the construction of two detached executive homes complete with gardens, parking spaces, and garages (Planning Ref: 22/00637/FUL). Previous planning permissions have included various designs such as five three-bedroom townhouses and a detached cottage. While these permissions have lapsed, there remains potential for alternative development schemes subject to new planning applications. Well-connected to major cities like Nottingham, Loughborough, and Leicester as well as key road networks, this site not only promises immediate rental yield but also significant long-term capital appreciation for an astute investor.