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Keats Lane, Earl Shilton, Leicester

East Midlands

£900,000
Listed on 13/05/2026

Property Details

Bedrooms
4
Type
Plot

Description

This development site spans a generous 2.23 acres in the well-regarded residential area of Earl Shilton, presenting a unique investment opportunity. Situated off Keats Lane, the site has been granted outline planning permission for the construction of 10 executive bungalows, varying in size from approximately 1,300 sq.ft to over 2,100 sq.ft. With a projected Gross Development Value exceeding £4 million, this property holds significant potential for astute investors seeking to capitalize on the growing demand for quality housing in Leicestershire. The planning permission was approved on September 24, 2024, with further details available through Hinckley and Bosworth's Planning Portal (reference number: 23/00982/OUT). Although some matters are reserved and require attention under Section 106 agreements, including the provision of two affordable homes and a contribution around £60,000, these considerations can be strategically managed within the overall project plan. Earl Shilton itself is a historic town rich in heritage and conveniently located near major transport links to Leicester and beyond, making it an attractive option for future residents seeking local amenities and scenic green spaces such as Fosse Meadows.

Investment Analysis

(LE9 area)
Area Average
£283/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LE9)

Area prices are stable by -1.9% over the last 12 months
3 year growth: +1.0%
5 year growth: +12.6%
Investment Disclaimer: Analysis based on LE9 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

Keats Lane, Earl Shilton, Leicester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,211
Based on a loan of £675,000 over 30 years at 3.97% 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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