ROI = 7% BMV = -0.95%
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Description
JG0769 - Explore a prime development opportunity in Aylestone with planning permissions for extensions and redesigns into flats, a HMO, or a large dwelling. Currently requiring renovation, this property offers potential rental income up to £27,000 per annum. Situated in a high-demand area, it features three bedrooms, two reception rooms, and a tandem garage. Architectural plans are available on the listing. Discover an exceptional development opportunity in Aylestone, perfect for investors and developers seeking to capitalise on a property with immense potential. This detached home, currently featuring three bedrooms, two reception rooms, and a tandem garage, comes with planning permissions already secured for external extensions. With options for internal redesigns, the property offers the flexibility to transform into multiple flats, a HMO, or a spacious single dwelling. There's even potential to create a separate one-bedroom dwelling where the current garage stands, pending further architectural discussions.The property is in a state requiring substantial renovation, presenting a blank canvas for those ready to undertake the work. However, the groundwork has been laid, with all external planning permissions in place, allowing you to focus on the creative possibilities.Located in a high-demand area due to its proximity to the city centre and local amenities on Saffron Lane and Aylestone Road, this property promises a lucrative investment. The potential rental income stands at an impressive £25,000-£27,000 per annum if developed into three flats, with significant potential for capital appreciation. The vibrant rental market in Aylestone, coupled with the area's industrial and warehousing presence, indicates robust long-term investment prospects.Architectural plans are readily available on the listing, providing a detailed guide for prospective buyers. This is your chance to develop a property that not only meets current market demands but also offers future growth opportunities. Don't miss out on making this your next successful project!
Find out MoreProperty Details
- Property ID: 153139025
- Added On: 2024-09-28
- Deal Type: For Sale
- Property Price: £280,000
- Bedrooms: 3
- Bathrooms: 1.00
Amenities
- JG0769
- Planning permissions secured for extensions and multiple redesign options
- including flats
- a HMO
- or a large dwelling.
- Planning application numbers:- 20221281 & 20230090
- Potential rental income of £25,000-£27,000 per annum if converted into three flats.
- Strong demand for diverse property types due to prime location near city centre and local amenities.
- Current configuration includes three bedrooms
- two reception rooms
- and a tandem garage.
- Situated in a vibrant rental market with promising long-term investment prospects.
- Architectural plans available on the listing for prospective buyers.
- Council Tax Band
- EPC Rating
