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4 bedroom detached bungalow for sale
Hallfields Lane, Rothley, Leicester
£900,000
Hallfields Lane, Rothley, Leicester
£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
- Existing Property - The property is as mentioned in need of renovation and repair however please note below a brief summary of each room
- Vendors Clauses - 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 property, located on Hallfields Lane in Rothley, Leicestershire, offers a unique opportunity to develop three large executive homes, subject to a planning application. The property itself is a four-to-five-bedroom house in need of renovation and repair, with a generous plot of land that includes a courtyard, ample off-road parking, and a double detached garage. The grounds also feature a variety of trees, including some with preservation orders, and a brook running along the side. The property has a lot of potential for development and renovation, and the vendor is open to working with a potential investor to create a new build development. The property is located in a desirable and exclusive area, with excellent access to local amenities and schools.