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Canal Lane, Hose

East Midlands

£700,000

Listed on 17/07/2026

Property details

Bedrooms
N/A
Type
Plot

Description

This is a promising development site located at the junction of Canal Lane and Meadow Lane, currently designated as a paddock field. It boasts outline planning permission for up to nine residential properties, as confirmed by Planning Number: 25/01172/OUT from Melton Borough Council. The site encompasses approximately 0.7 acres and benefits from all essential services being accessible from the road, making it an ideal investment opportunity. With final written planning permission pending, this property offers substantial potential for future development in a sought-after area known for its picturesque countryside and community amenities. The village of Hose, where this parcel is located, provides a charming environment with access to quality local schools, including an 'outstanding' primary school according to OFSTED. Residents can enjoy various local facilities such as shops, pubs, and recreational clubs in a traditional village setting surrounded by scenic walking paths and an ancient church.

Investment analysis

(LE14 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£315
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
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
6%
Properties sold annually

Local Market Trend (LE14)

Area prices are falling by -2.2% over the last 12 months
3 year growth: +0.4%
5 year growth: +0.2%
Investment Disclaimer: Analysis based on LE14 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

Canal Lane, Hose
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 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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