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Development Site, Stoke Albany

East Midlands

£2,500,000
Listed on 21/03/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This is a prime development opportunity with full planning consent for three meticulously designed detached homes, along with planning permission in principle for up to five self-build or custom-build plots. The site comes equipped with essential services already in place, including gas availability and access via Ashley Road. A generous adjoining paddock of approximately 2.5 acres adds further potential for future development, subject to obtaining necessary consents. The existing permissions cover substantial living spaces with well-thought-out layouts tailored to appeal to modern buyers. House one offers around 2122 sq ft, house two expands this to about 2249 sq ft (featuring an annex), and house three provides a significant living area of approximately 4071 sq ft, also with an annex and garage. In total, the site spans over 10,900 sq ft which presents a considerable investment opportunity. Located adjacent to the village green in Stoke Albany—a charming village on the Leicestershire/Northamptonshire border—the site is surrounded by a blend of historic homes and offers easy access to local amenities such as a pub, playgrounds, and nearby shops. The bustling market town of Market Harborough is just five miles away, providing extensive facilities and straightforward rail connections to London St Pancras taking about 60 minutes. In summary, this property is not only a great residential project but could also yield significant returns if further development potential on the paddock land is harnessed. Prospective purchasers would need to consider all rights of way and covenants that apply.

Investment Analysis

(LE16 area)
Area Average
£328/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (LE16)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -2.4%
5 year growth: +6.7%
Investment Disclaimer: Analysis based on LE16 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, Stoke Albany
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£9,017
Based on a loan of £1,875,000 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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