4 Bed House For Sale Princess Drive, Derby, DE72

£225,000

1 of 7
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 12th March 2024

Description

A rare opportunity to purchase a building plot with PP for four bed detached house in Derbyshire village, close to open countryside, yet within commuter belt. Ideal for self builders and property developers alike. Click for more information.

A rare and exciting opportunity has arisen to purchase a single building plot with full planning permission passed for a four bedroom, two storey detached house. With an option to purchase an additional parcel of land by separate negotiation.

Situated on the outskirts of this popular Derbyshire village, close to open countryside with many public footpaths on the doorstep yet far from being isolated. The site sits in a commuter belt between the cities of Nottingham and Derby. Junction 25 of the M1 motorway is no more than 5 minutes drive away, East Midlands Airport within 20 minutes. Schools are also close by with the village having its own primary school and Friesland School just over the border in Sandiacre. Independent schools can be found in the nearby market town of Long Eaton.

The site forms part of a small holding owned and occupied by the sellers. The planning provides for a new access drive from Derby Road to be constructed as part of the development with the owners requiring a right of access over this.

The current design of the property provides for a two storey, four bedroom detached family home of approximately 130sqm of internal space. Externally, there will be provision for courtyard parking for at least 2 vehicles and generous South Easterly facing landscaped gardens.

We expect this individual development opportunity to be of interest to both seasoned property developers and self builders looking to create their own grand design.

The seller is willing to discuss selling an addtional parcel of land which combined with the land offered could amount to approximately 1 acre. This maybe of interest for those looking for a smallholding or personal equestrian use.

Planning Permission - Application Reference ERE/0522/0009. Local Authority Erewash Borough Council Proposal New House, Access and Parking. Planning permission was granted on 11/11/2022 valid 3 years from this date. Further information is available on request or by visiting the Local Authority website : erewash.gov.uk/planning-section/planning.html and enter the planning reference quoted above.

Agent's Note - As the land is being sold as part of an occupied small holding, viewing on site is only available on request.

A SINGLE BUILDING PLOT WITH FULL PLANNING PERMISSION PASSED FOR A FOUR BEDROOM TWO STOREY DETACHED HOUSE.
Agent Details
Robert Ellis
32 Derby Road Stapleford NG9 7AA

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 4 bedroom property. See more properties like this.

£625,000
Derby, DE72
Detached
1.9
£650,000
Nottingham, DE72
Detached
1.8
£650,000
Derby, DE72
Detached
1.8
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested