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Shepshed, Loughborough LE12

East Midlands

£600,000
Listed on 26/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a noteworthy residential development opportunity featuring full planning permission for the construction of eight detached family homes, situated at the rear of an existing residential site on Garendon Road. The approved design aims to harmonize with the character of the neighborhood, providing modern living spaces complete with private gardens, parking facilities, and landscaped environments accessible via a new road access. This redevelopment potential in Shepshed, conveniently located between Loughborough and Leicester, makes it an attractive proposition for developers looking to create quality homes in a sought-after locality. The total site encompasses approximately 2,986 sq m (0.298 hectares), currently consisting of a bungalow that will be demolished as part of the project. The land is mostly flat and clear, albeit with some reestablished flora. With easy access to local amenities such as shops and schools within Shepshed and wider facilities in Loughborough, alongside quick connections to the M1 motorway and rail services into larger cities like Leicester and London, this site is primed for investment.

Investment Analysis

(LE12 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
84
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LE12)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +2.9%
5 year growth: +16.6%
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.

Location

Shepshed, Loughborough LE12
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,125
Based on a loan of £450,000 over 30 years at 3.91% 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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