4 bed detached bungalow

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4 bed detached bungalow

Hallfields Lane, Rothley, Leicester LE7
£900,000

Our Summary

  • 132 Hallfields Lane, Rothley is an extremely rare opportunity in this Leicestershire affluent village of Rothley, there is a fantastic opportunity to develop three large 4/5-bedroom executive homes subject to planning application P/24/0320/2 which is subject to a planning
  • A Pre-Planning Application was supportive in August 2023 of development on the site as per P/24/0320/2 so this could equally represent a unique opportunity for the plans to be adjusted to suit the purchasers’ personal requirements
  • If not the above, then there is an opportunity to modernise this four/five bedroom house located on generous grounds
  • The vendor has commissioned all the relevant consultants & third-party surveys which supported the current planning application, and these will be sold with the property
  • The sale will be subject to an overage clause whereby if and on each occasion when the property (or any part of it) is sold during the period of 20 years from the date of completion with the benefit of planning consent permitting the construction of more than one dwelling on such property then the buyer or its successor in title (as the case may be) will pay overage to 20% of the consideration paid for such sale
  • The property is as mentioned in need of renovation and repair however please note below a brief summary of each room
  • The sale will be subject to an overage clause whereby if and on each occasion when the property (or any part of it) is sold during the period of 20 years from the date of completion with the benefit of planning consent permitting the construction of more than one dwelling on such property then the buyer or its successor in title (as the case may be) will pay overage to the vendor equal to 20% of the consideration paid for such sale

Description

This is a rare opportunity to develop three large 4/5-bedroom executive homes in the affluent village of Rothley, Leicestershire, subject to a planning application. The property itself is a four/five-bedroom house located on generous grounds, with a Pre-Planning Application supportive of development on the site. The vendor has commissioned relevant consultants and surveys, which will be sold with the property. The grounds feature a courtyard, ample off-road parking, and a double detached garage, with Rothley Brook running alongside. The property is in need of renovation and repair, but offers a unique chance to develop fantastic homes in a desirable location. The sale is subject to an overage clause, which requires the buyer to pay 20% of the consideration paid for the property if it is sold with planning consent permitting the construction of more than one dwelling.
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