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Bakers Lane, Shutlanger, NN12

East Midlands

£160,000

Listed on 07/05/2026

Property details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique opportunity for self-build enthusiasts or investors looking to capitalize on the potential of two plots in the sought-after village of Shutlanger. With full planning permission already secured for a modern 1,350 sq ft detached home featuring three bedrooms and three bathrooms across three storeys, including a car port, this site is primed for development. The approved plans can be referenced under WNS/2022/0310/OUT and 2024/4127/RM. Located conveniently near major transport links and local amenities, this area offers not just a place to build but a community enriched with educational resources and recreational facilities. Potential buyers should note that the site carries a Community Infrastructure Levy (CIL) cost of approximately £32,880 per plot, although there may be opportunities for self-build exemptions which can be verified with local authorities. Services such as electricity, water, and drainage are available nearby; however, it remains the buyer's responsibility to confirm their adequacy and availability before proceeding.

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Investment analysis

(NN12 area)
Area Average
£363/sq ft
Avg Rent (weekly)
£335
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NN12)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +0.4%
5 year growth: +2.0%
Investment Disclaimer: Analysis based on NN12 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

Bakers Lane, Shutlanger, NN12
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Mortgage calculator

£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£604
Based on a loan of £120,000 over 30 years at 4.45% 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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