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Building Plot, The Gables, Hundleby

East Midlands

£140,000
Listed on 14/12/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a remarkable redevelopment opportunity nestled within a sought-after gated parkland setting, providing both privacy and tranquility. The generous building plot is approved for an appealing three-bedroom detached bungalow, with the option to expand upon the existing plans, allowing for significant customization to suit individual needs. The current design includes a gross external floor area of approximately 1,095 square feet (101.81 square meters), making it suitable for comfortable living while also presenting potential for further expansion or enhancements. Additionally, there is a single garage already constructed on-site, along with service connections that have been established and paid for, streamlining the construction process. Located within an exclusive development known for its strong sales history, this property represents not just a home but an investment opportunity in an area that continues to attract interest. The serene environment coupled with the potential for renovation makes it ideal for buyers looking to create their dream residence or capitalize on its investment prospects.

Investment Analysis

(PE23 area)
Area Average
£229/sq ft

Renovation Potential

Est. Renovation Cost
£14,000 - £35,000
10-25% of property value
Monthly Sales
9
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by +10.6% over the last 12 months
3 year growth: -8.3%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on PE23 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

Building Plot, The Gables, Hundleby
Map showing location of Building Plot, The Gables, Hundleby
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