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Building Plot, New Street, Kegworth - Image 1

Building Plot, New Street, Kegworth

East Midlands

£97,500
Listed on 10/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique opportunity presents a rare plot of land in the well-regarded village of Kegworth, complete with granted planning permission for a two-bedroom detached house. The groundwork has already begun with the footings laid, enabling the new owner to seamlessly continue construction and ensuring the planning permission remains valid indefinitely. This site is ideal for those looking to invest in a 'build to rent' project or for first-time developers, given the straightforward design approved by North West Leicestershire district council. With an estimated gross development value around £250,000, this property holds significant potential for both residential living and investment growth. The location benefits from excellent connections to East Midlands Airport and major motorways, appealing to commuters and families alike. Local amenities, including shops and schools, enhance its attractiveness as a future home.

Investment Analysis

(DE74 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (DE74)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on DE74 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

Building Plot, New Street, Kegworth
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£357
Based on a loan of £73,125 over 30 years at 4.19% 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.

Next Steps

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