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Development Opportunity, Land off Ashby lane, Bitteswell, Lutterworth

East Midlands

£350,000
Listed on 16/04/2026

Property Details

Bedrooms
N/A
Type
Plot
Area
2250 sqft

Description

This property presents a compelling opportunity for potential buyers looking to invest in a self-build project with approved planning permission. Once the existing outbuilding is demolished, the plan allows for the construction of a modern detached dwelling designed with energy efficiency in mind, adhering to Passivhaus standards. Positioned on the edge of Bitteswell, this plot boasts an attractive semi-rural view and retains some charming hedging along its frontage. The proposed home features a generous and well-structured layout, including an expansive open-plan kitchen, dining, and living area totaling approximately 73.5 sq. m. It will include five bedrooms, with a principal suite that offers both an ensuite and a dressing room. Additional amenities such as three more bath/shower rooms, a utility space, and a study/fifth bedroom contribute to its versatility suitable for modern family needs. Bitteswell itself is a desirable village known for its community spirit and proximity to Lutterworth's amenities. This location provides easy access for commuters through nearby major motorways as well as high-speed train services to London. The unique aspect of this investment is the ability to shape your own dream home while tapping into the growing demand for eco-friendly living spaces. The presence of asbestos in the current outbuilding will require careful handling during demolition but offers room for significant value enhancement through thoughtful redevelopment.

Investment Analysis

(LE17 area)

Below Market Value

This property is priced -48.9% below area average per sq ft

-48.9%
Potential saving
This Property
£156/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£270
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £200,000
Target Value
£753,761
10% above area average per sq ft
Potential ROI
+37.0%
After renovation
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
13%
Properties sold annually

Local Market Trend (LE17)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -0.5%
5 year growth: +4.5%
Investment Disclaimer: Analysis based on LE17 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 Opportunity, Land off Ashby lane, Bitteswell, Lutterworth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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