Large freehold plot near M1 with clear redevelopment potential at auction.
Approximately 0.44 acres of broadly rectangular freehold land
This 0.44-acre freehold plot sits within an established bungalow estate, offering a clear, speculative redevelopment proposition for buyers prepared to secure planning consent (STP). Its size and rectangular shape give flexibility for multiple layouts or a single larger build, making it a practical holding for developers or investors targeting future residential projects.
The site is offered at public auction with a low guide price, presenting an entry route into development land ownership. It is approximately one mile west of junction 28 of the M1 and close to local shops and the Designer Outlet East Midlands, which supports short-term rental or future sale demand if redevelopment proceeds.
Important considerations are candidly stated: there is no planning permission in place, the lot will be sold at auction, and there is a public notice/repossession entry on file. The local area shows higher-than-average crime levels and is classed as deprived, which may influence planning outcomes and end-market values and should be factored into any viability assessment.
Viewings can be made from Lathkill Drive at any time. This opportunity suits buyers comfortable with auction purchase processes, carrying out due diligence on planning potential, and investing time and capital into site preparation and applications.
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