Andrew Granger says ..

Property Oracle says ..

This property in Glen Parva, Leicester, presents a unique investment opportunity. It’s a four-bedroom detached house with approved planning permission to build two additional three-bedroom houses on the land. This makes the property attractive to both families seeking a larger plot and developers looking for a ready-made project.

The existing house appears well-maintained, although some updates or modernization might increase its marketability. Interior photographs show a functional layout but with some dated elements. The sizeable garden provides space and privacy.

The location in Glen Parva is a considerable advantage. The area is known for its peaceful residential atmosphere, yet it’s within easy reach of Leicester city centre, providing good access to employment, shopping, and transport. Good schools nearby are a significant positive factor for families.

The list price must be considered in the context of this development opportunity; the existing house’s value, plus the potential value of the two plots on which to build new homes. While exact price comparisons are difficult without detailed information on the size and comparables, the high price reflects the value associated with the land and planning permission that comes with this property. A thorough assessment of the costs associated with building the new houses is recommended. The actual ROI from selling the new houses is subject to market conditions and the costs associated with construction. Overall this is a multi-faceted property which requires a sophisticated approach to assess the valuation.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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