BUILDING PLOT WITH FULL PLANNING PERMISSION Pennine Close, Shepshed - Image 1

BUILDING PLOT WITH FULL PLANNING PERMISSION Pennine Close, Shepshed - Image 2

BUILDING PLOT WITH FULL PLANNING PERMISSION Pennine Close, Shepshed

East Midlands

£50,000

Listed on 15/08/2026

Property details

Bedrooms

Type

Plot

Description

This plot of freehold land presents a prime opportunity for investment, located in a desirable residential area with convenient access to local amenities and transport links, including regular bus services and proximity to the A512/M1. Full planning permission has been granted by Charnwood Borough Council for the construction of a detached one-bedroom bungalow, allowing for immediate development potential. Interested buyers can review the particulars on the Charnwood Planning Portal by searching for APPLICATION NO: P/24/0196/2.

Investment analysis

(LE12 area)

Area Average

£299/sq ft

Avg Rent (weekly)

£222

Avg Yield

3.5%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£50,000 - £80,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

11%

Properties sold annually

Local Market Trend (LE12)

Area prices are stable by -0.3% over the last 12 months

3 year growth: -0.7%

5 year growth: +14.0%

Investment Disclaimer: Analysis based on LE12 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.

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Location

BUILDING PLOT WITH FULL PLANNING PERMISSION Pennine Close, Shepshed

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£189

Based on a loan of £37,500 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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