Description
Introduction
The Meden Vale Property Auction Site represents a rare and exciting development opportunity in the heart of Nottinghamshire. Furthermore, this 2.08-acre parcel, formerly known as the Three Lions Public House, comes to market with detailed consent already granted for 41 mixed residential units. Consequently, developers and investors can bypass one of the most challenging phases of a project—planning approval. In addition, the established road frontage and nearby amenities ensure strong market demand and potential for value appreciation.
Development Opportunity Overview
This prominently located site on Netherfield Lane, Meden Vale, offers a blend of heritage and modern potential. Moreover, the existing two-storey pub building provides scope for conversion into unique residential units or community space. In addition, preliminary feasibility studies indicate that the retained structure could house up to eight apartments, thereby reducing construction costs and preserving architectural character. Therefore, creative developers will find this dual-use approach both cost-effective and technically feasible. To streamline acquisition, all architectural drawings and planning conditions are available in the Similar Development Opportunities portal. Hence, bidders can perform due diligence efficiently and proceed with confidence.
Planning Consent & Site Potential
Detailed planning consent covers 41 mixed units, comprising one-, two- and three-bedroom apartments. Furthermore, the permission includes landscaped courtyards and parking allocation to meet local authority requirements. Additionally, reserved matters approval outlines materials, elevations, and landscaping, ensuring clarity for contractors and architects.
- Approved Unit Mix: 12×1-bed, 20×2-bed, 9×3-bed apartments
- Communal Areas: Landscaped courtyards, cycle storage, bin stores
- Parking Provision: 50 spaces (including disabled bays)
The comprehensive planning pack can be downloaded via the Mansfield District Council Planning Portal. Consequently, you can review conditions, timelines, and environmental considerations before bidding.
Location & Transport Links
Meden Vale boasts a strategic location approximately 6 miles from Mansfield town centre. Moreover, residents benefit from excellent connectivity:
- Road: A617 provides direct access to M1 junction 29 in under 20 minutes.
- Rail: Mansfield train station (4 miles) links to Nottingham and Sheffield in under 45 minutes.
- Bus: Regular services on Netherfield Lane to surrounding villages and commercial hubs.
Furthermore, local amenities such as Meden Vale Primary School, convenience stores, and healthcare facilities lie within a mile of the site. Therefore, future occupiers will enjoy both rural charm and urban convenience.
Site Features & Amenities
Key Site Features:
- Prominent frontage and high visibility
- Existing pub building for heritage conversion
- Spacious parking and service yard
- Main utility connections in place
- Fenced boundary for security
- Mature trees along Netherfield Lane
Local Amenities:
- Schools: Meden Vale Primary, Mansfield Academy
- Retail: Sainsbury’s Local, independent shops
- Leisure: Meden Leisure Centre, local parks
- Healthcare: Meden Vale Health Centre
Moreover, the combination of on-site parking and public transport access significantly enhances the site’s appeal to a broad tenant demographic.
Investment Highlights
This lot stands out for its blend of planning security and location advantage. Additionally, the consented unit mix caters to first-time buyers, young professionals, and downsizers alike. Consequently, rental yields and resale prospects remain strong. Furthermore, the auction vehicle ensures transparent pricing and a fixed timeline, making it ideal for institutional or private investors.
Key Consideration:
With planning consent secured, the primary risk of obtaining local authority sign-off has been mitigated. Therefore, the remaining variables pertain to construction costs and sales strategy, both of which can be finely controlled.
Market Context & Demand
Nottinghamshire has witnessed steady population growth over the last decade, driven by employment hubs in Mansfield and Nottingham. Moreover, demand for high-quality apartments has outpaced supply, particularly for well-located conversion schemes. In addition, low borrowing rates and government incentives for first-time buyers continue to bolster demand. Therefore, a fully consented, ready-to-go project offers an edge in a competitive market.
Local Area & Community
Meden Vale, historically a mining village, retains a strong sense of community and local identity. Additionally, community events at the Meden Vale Social Club and village hall foster resident engagement. Meanwhile, new housing developments have revitalized the area, attracting young families and professionals. Consequently, this site sits at the intersection of heritage and growth.
Legal & Technical Documentation
All legal packs, environmental assessments, and services reports are available upon request.
- Legal Pack: Title, covenants, easements
- Services Report: Drainage, utilities, telecoms
- Environmental: Flood risk, contaminated land desk study
Furthermore, an independent structural survey of the existing pub building confirms sound masonry and roofing integrity, thereby reducing renovation risks.
Sustainability & Future Growth
The planning consent includes provisions for sustainable drainage systems and native landscaping. Moreover, there is scope to incorporate photovoltaic panels and electric vehicle charging points within the parking area. Consequently, the scheme can achieve high energy-efficiency ratings, appealing to eco-conscious buyers. In addition, Nottinghamshire County Council’s latest Local Plan highlights Meden Vale for modest growth, ensuring continued infrastructure investment.
Opportunities for Customization & Value-Add
Developers may explore:
- Mix-use conversion of ground floor into café or co-working space
- Modular build extensions in the rear courtyard
- Green wall installations to enhance street frontage
Therefore, the site offers not only turnkey planning consent but also creative scope for value enhancement.
Financing & Investment Support
Several lenders specialize in forward-funded development loans for consented sites. Moreover, the auction format can be financed via bridging loans, subject to pre-approval. In addition, Capital Gains Tax reliefs may apply for qualifying investors. Consequently, both traditional and alternative funding routes remain open to serious bidders.
Auction Details & Bidding Process
The sale will take place on Auction Dates & Calendar.
- Registration Deadline: 48 hours before sale day
- Buyer’s Premium: 2% plus VAT
- Deposit: 10% of the hammer price on exchange
Furthermore, Palace Auctions provides an online bidding platform for remote participation. Therefore, domestic and international investors can bid with equal confidence.
How to Register & Next Steps
- Review the legal pack and planning documentation via our website.
- Contact the auction team to arrange a site inspection.
- Complete the registration form by the published deadline.
- If required, secure finance or bridging facilities in advance.
Moreover, our team remains on hand to guide you through each stage of the process, ensuring a smooth transaction from registration to completion.
Contact Information
For further details, please contact:
Palace Auctions Ltd
Email: auctions@palaceauctions.com
Tel: +44 (0) 207 101 3647 Alternatively, We are available 24/7 Via WhatsApp 07971033276 .
Internal
