4 Bed Residential Development For Sale

For sale on 27 November 2025

Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

The auction will commence at 09:00.

A development site in a highly regarded village location.



The site currently houses a pair of semi-detached houses which have been converted into four self contained one bedroom flats.



Three of the flats are let at £600 pcm and one is vacant. Estimated Rental Value of £30,000 per annum.



Full planning permission has been granted for the demolition of the flats and erection of two executive detached houses with gardens, parking and garages. Planning Ref 22/00637/FUL.



The site had previous planning permissions for alternative schemes. In 2016 planning was granted for five three bedroom town houses and one Detached Cottage. In 2017 planning was granted for two three bedroom detached houses and two three bedroom semi detached houses. Both of these permissions have now lapsed.



But there maybe scope for alternative schemes, subject to planning.



The site could be kept as is with potential rental income of circa £34,000 per annum.



Well placed for access to Nottingham, Loughborough, Leicester, Grantham, Newark and Rutland Water as well as major road links.

Draft Sales Details These sales details are awaiting vendor approval.
Potential May be scope for alternative schemes, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Tenure: Freehold

EPC Rating: Exempt

Terms:
Auction Details:



The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.



Binding contracts of sale will be exchanged at the point of sale.



All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.



Auction Deposit and Fees:



The following deposits and non- refundable auctioneers fees apply:



• 5% deposit (subject to a minimum of £5,000)



• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 



The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.



There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.



Additional Information:



For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.



This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).



Guide Price & Reserve Price:



Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.