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Land with planning for 37 student flats in Leicester stars in auction next week

Valuable freehold land in Leicester city centre with planning permission for 37 student studio flats is expected to be popular in Bond Wolfe’s next auction on Thursday 21 July.

The opportunity to construct a seven-storey building on a rectangular shaped 0.04 acres is at 44 Conduit Street, at the junction with Andover Street, close to Leicester train station.

The lot, which may have potential for alternative uses subject to planning consent, has a guide price* of £495,000+ in what is Bond Wolfe’s first return to the auction room in two-and-a-half years.

Colin Totney, land and development surveyor at Bond Wolfe, said: “Both student accommodation and the space to build more of it is at a premium in Leicester, and so we expect lots of attention on this valuable plot of land.”

Another lot in the auction, which will be live-streamed online, is for 0.18 acres of land that used to host The Green Man pub on Lea Road in the village of Hixon, Staffordshire.

This freehold residential development opportunity which has planning permission for three houses comes with a guide price of £180,000+.

Hixon lies north of Cannock Chase, around 8.5 miles east of Stafford, 15.5 miles north-west of Lichfield and 16.5 miles west of Burton upon Trent, with Junction 14 of the M6 Motorway about 9.5 miles.

Over in the Black Country, planning permission has been granted to develop a three-storey building to include a retail unit and four flats on land at 34 High Street in Sedgley, Dudley, which has a guide price of £120,000+.

In the garden village Lightmoor in Telford, planning permission has been granted to build five houses on 1.5 acres of land adjacent to 1 Brook Cottage on Brick Kiln Bank, which has a guide price of £110,000+.

Up in Cumbria, planning permission has been granted to build seven detached houses on a 0.60 acres plot of freehold land to the rear of Trafalgar House on Yeathouse Road in the village of Frizington.

This property, located about five miles to the east of Whitehaven and close to the Lake District National Park, has a guide price of £165,000+.

Two other plots of land with no current planning permission include 0.5 acres to the rear of St. Augustine Drive in Droitwich, Worcestershire, with a £15,000 to £20,000 guide price, and 0.3 acres at the rear of 15-19 Greenbank Road in Stoke-on-Trent, with a £5,000+ guide price.

Mr Totney added: “We have a wide range of land to suit all sorts of uses subject to planning permission and at a time when space is at a premium we are expecting lots of competitive bidding.”

The various land lots are among 207 properties appearing in Bond Wolfe’s auction that starts at 9.30am on 21 July in a return to the Holte Suite at Villa Park for the first time in two-and-a-half years.

For those not able to attend in person, the auction will continue to be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.