A delightful extended two bedroom end-terrace cottage and land, with planning permission for three detached homes offering the potential for a fantastic redevelopment opportunity and ROI.

General Description - Alexanders of Ashby-de-la-Zouch offer to the market this delightful extended cottage with substantial gardens, parking and development site, along with land and paddock located in the pretty village of Oakthorpe. Outline planning permission is granted for the construction of three properties totaling 7,800 square feet gross floor area with a GDV of circa £2,400,000, making this development perfect for small to medium sized developers with circa 35% return on investment.

The village is an attractive settlement in North West Leicestershire, with amenities such as a public house, leisure centre and a primary school rated 'Good' by Ofsted.

The sought-after market town of Ashby-de-la-Zouch is within close proximity, and commuter links to Nottingham and Birmingham are excellent via the M42 motorway.

Accommodation - The property has been in family ownership for decades and has undergone a substantial schedule of renovation and extension in recent years.

The property has a floor area of circa 1,453 square feet providing living space laid across three floors. The accommodation comprises a hall, w.c, utility room, a front-to-back kitchen/diner with direct garden access, sitting room, and a separate conservatory.

Upstairs and laid across the first floor are two double bedrooms and a family bathroom. The main bedroom provides an en-suite and dressing room. To the second floor is a spacious double sized attic room/study area.

The Outside - The property is set back from the road and side on, with off-road parking for two vehicles and a useful outbuilding.

On the opposite side of the drive, to the left-hand side, is a gated courtyard. To the rear are substantial lawned gardens enjoying a south-west facing aspect.

Agents Note - The site is accessed via a common ground driveway. The developable area totals 0.65 of an acre and alternative schemes could be proposed should the purchaser wish. There is a further 2.1 acres of paddock land that has been wilded by the current owners. It is thought that the paddocks could be split and included in the sale to plots 1 & 2 under the current scheme to enhance the resale value of the larger plots.

We estimate that there is around a 35% return on investment, making this opportunity exciting for the right developer.

Further detail can be found on the North West Leicestershire planning portal, application number 21/00438/OUT.

Viewing - Viewing strictly by appointment only via the sole selling agent, Alexanders of Ashby-de-la-Zouch[use Contact Agent Button].

Tenure - Freehold.

Local Authority - Northwest Leicestershire District Council, Council Offices, Coalville, Leics, LE67 3FJ ([use Contact Agent Button]). Council Tax Band A.

Measurements - Every care has been taken to reflect the true dimensions of this property, but they should be treated as approximate and for general guidance only.