Land in Coalville should be assessed as part of a substantial urban market, not simply by applying an average agricultural or amenity rate. Its value can change considerably according to whether the site is within the built-up area, on a deliverable urban edge, in an employment location or capable of supporting regeneration.
Coalville is a principal town with a strong regeneration role and close links to surrounding former mining and industrial communities. That creates opportunities for residential, commercial, employment and mixed-use land, but it also means that access, infrastructure, neighbouring uses and delivery costs must be tested carefully.
Our town-specific review considers how the land relates to Coalville, together with the A511, nearby M1 connections and routes towards Leicester, Burton, Loughborough and East Midlands employment locations. We then examine the planning position, likely use, achievable capacity and the deductions a developer would make before arriving at a land value.
Land within Coalville, on its immediate edge or functionally connected to the town through access, services or employment is assessed against the town’s own market and infrastructure conditions. Land related more closely to other settlements in North West Leicestershire may have different planning prospects, constraints and buyer demand.