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Churchill Road, Gorefield

East Midlands

£250,000
Listed on 21/08/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1011 sqft

Description

Discover the possibilities offered by this three-bedroom semi-detached house, set on a sizable plot that has already been divided. The property previously received planning permission for a detached three-bedroom home on the side, presenting a distinctive opportunity for investors or developers seeking to capitalize on this advantageous setup. Inside, the main residence showcases spacious living areas designed for practical family use or work-from-home arrangements. The inviting 24ft9 lounge/diner provides ample room for gatherings, while the kitchen, utility room, study, and ground floor WC enhance functional living. The upper level comprises three comfortably sized bedrooms and a family bathroom, accommodating various lifestyle needs. The exterior features a private rear garden that is predominantly laid to lawn and bordered by mature trees and shrubs, creating a serene outdoor space suitable for relaxation or family activities. This property not only presents an ideal canvas for personal renovation but also stands as an investment with significant potential for expansion (subject to planning permission). With its combination of space and location advantages, it’s worth considering whether you aim to develop further or simply personalize your future home.

Investment Analysis

(PE13 area)

Above Market Value

This property is priced +12.0% above area average per sq ft

+12.0%
This Property
£247/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£245,607
10% above area average per sq ft
Potential ROI
-21.4%
After renovation
Monthly Sales
24
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE13)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -4.4%
5 year growth: 13.1%
Investment Disclaimer: Analysis based on PE13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Churchill Road, Gorefield
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