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Vaughan Road, Leicester LE2 3 bed detached house for sale
Vaughan Road, Leicester, LE2 8RF
£230,000
Vaughan Road, Leicester, LE2 8RF
£230,000
Our Summary
- 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
- 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
- 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
- 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
Description
This development opportunity in Aylestone presents a prime chance for investors and developers to capitalize on a property with immense potential. The detached home, requiring renovation, features three bedrooms, two reception rooms, and a tandem garage, and comes with planning permissions for external extensions and internal redesigns. The property can be transformed into multiple flats, a HMO, or a spacious single dwelling, with potential to create a separate one-bedroom dwelling in the garage. Located in a high-demand area, the property promises a lucrative investment, with potential rental income of £25,000-£27,000 per annum if developed into three flats. With architectural plans available, this is a unique chance to develop a property that meets current market demands and offers future growth opportunities.