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Burrowmoor Road, March, PE15 - Image 1
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Burrowmoor Road, March, PE15

East Midlands

£110,000
Listed on 23/08/2024

Property Details

Bedrooms
3
Type
Detached house

Description

Set in a peaceful location, this single-storey barn presents a unique renovation opportunity for those looking to invest in a property with significant potential. With approved planning consent for conversion into a contemporary three-bedroom home, the framework is already in place for you to create a distinctive living space that combines modern design with rustic elements. The approved plans include features such as vaulted ceilings that would enhance the living areas, creating an airy ambiance filled with natural light. In addition to the main structure, the property comes with a double garage, adding valuable utility and convenience. The renovation process has been streamlined thanks to the existing planning reference F/YR23/0714/F, granted on November 9, 2023, allowing for modifications including the removal of certain sections of the barn to optimize space and functionality. Situated on an irregular-shaped plot, the land offers ample outdoor space that can be transformed into landscaped gardens or utilized for other creative purposes. This versatility not only contributes to personal lifestyle preferences but also enhances overall property value. The surrounding area is serene and provides a welcome respite from urban life while still being accessible to local amenities. This barn's conversion potential makes it an attractive prospect for investors or buyers looking to customize their residence according to personal taste. Whether your vision includes a quiet retreat or an entertaining hub for gatherings with family and friends, this property affords you the opportunity to shape your ideal living environment. Embarking on this renovation journey means engaging in a transformative process where creativity can flourish. With structural integrity and natural charm as your starting points, this barn conversion could very well evolve into a lasting legacy tailored just for you.

Investment Analysis

(PE15 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£11,000 - £27,500
10-25% of property value
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PE15)

Area prices are falling by +2.3% over the last 12 months
3 year growth: 0.2%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on PE15 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

Burrowmoor Road, March, PE15
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