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Lag Lane, Thorpe Arnold, Melton Mowbray, Leicestershire LE14 - Image 1
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Lag Lane, Thorpe Arnold, Melton Mowbray, Leicestershire LE14

East Midlands

£1,200,000
Listed on 04/05/2026

Property Details

Bedrooms
N/A
Type
Land
Area
2734 sqft

Description

An exceptional opportunity exists for developers or self-build enthusiasts to transform a spacious 1.3-acre plot on the edge of Thorpe Arnold, Leicestershire, into a bespoke residential project featuring four detached homes. The site comes with full planning permission, granted by Melton Borough Council in September 2022, allowing for the construction of properties designed to enhance their surroundings while providing modern living spaces. Each proposed dwelling features distinct architectural elements such as dark timber cladding and strategic brickwork that blend seamlessly with the rural landscape. The layout comprises four well-sized plots, each equipped with generous gardens and ample parking. Plot One offers approximately 2734 sq ft of family accommodation, featuring an expansive open-plan kitchen and living area, four en-suite bedrooms, and a double garage. Plots Two through Four mirror this spacious design with slight variations in layout and size. The existing property on the site provides essential utilities including gas, water, electricity, and foul drainage access to the village system. The potential additional paddock further broadens development opportunities. With pre-commencement conditions already satisfied and necessary approvals from local councils secured, this site presents a rare chance to create a tailored residential development in a tranquil village setting that combines proximity to Melton Mowbray’s amenities with picturesque countryside living.

Investment Analysis

(LE14 area)

Above Market Value

This property is priced +52.2% above area average per sq ft

+52.2%
This Property
£439/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£281
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£867,033
10% above area average per sq ft
Potential ROI
-45.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LE14)

Area prices are rising by +8.4% over the last 12 months
3 year growth: +2.9%
5 year growth: +5.1%
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

Lag Lane, Thorpe Arnold, Melton Mowbray, Leicestershire LE14
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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
£4,281
Based on a loan of £900,000 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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