Bridge Road, Coalville, Leicestershire, LE67

This three-bedroom detached house in Coalville presents a unique opportunity for those looking to acquire a spacious property at a cheap asking price of £170,000, which is significantly below the local average of £261/sqf. With a guide price translating to just £178/sqf, buyers can capitalize on the potential for value creation through extensive renovation. However, the overall economics of the project are less favorable, as the all-in costs, estimated at £295,000, exceed the local average implied value of £249,114, suggesting a challenging margin for future returns.

The property features generous room sizes and a good layout that can be transformed into a modern family home with some thoughtful updates. The dated interiors, including the living areas and bedrooms, offer a blank canvas for renovation enthusiasts, allowing for redecoration and modernization throughout. The garden, while currently overgrown, has excellent potential for landscaping to enhance curb appeal. It's important to approach this project with an understanding of the substantial work required, as the interiors are stripped of their charm and will demand a full-gut renovation to achieve the desired finish.