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This property was removed from Dealsourcr.

3 Bed Detached House, Refurb/BRRR, Leicester, LE2 8RF £215,000

5 Vaughan Road, Leicester, LE2 8RF - 10 views - a year ago
  1. Deal Search
  2. Leicester
  3. LE2
  4. LE2 8RF
Refurb/BRRR
Planning
ROI: 1%
99 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Leicester
  • More Deals in LE2
  • More Refurb/BRRR Deals
  • More Refurb/BRRR Deals in Leicester
  • More Refurb/BRRR Deals in LE2

Property History

Price changed to £215,000

January 23, 2025

Price changed to £230,000

January 4, 2025

Listed for £260,000

September 28, 2024

Sold for £157,000

2005

Sold for £84,950

2002

Floor Plans

Description

  • 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 +

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!

Agent Details

eXp UK, East Midlands

03304 609968

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Investment Opportunity

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