Innes England Ltd says ..

Property Oracle says ..

This property is a large plot of land (approximately 1.81 acres) located in Wigston, Leicester. It previously housed Wigston Birkett House School, but has undergone significant demolition. The remaining structures are in disrepair, and the site appears largely undeveloped. The photos illustrate a substantial area of cleared land, primarily concrete slabs and groundworks. The location is relatively convenient. It is near several schools, including Wigston Menphys Nursery School and Little Hill Primary School, making it attractive for family-oriented developments. Proximity to Wigston town centre and train stations suggests further amenities are accessible. However, the condition of the property presents significant challenges. The extensive demolition and redevelopment needed will require considerable time, effort, and financial investment. The list price is significantly lower than the average price of surrounding properties, which suggests that either the land is undervalued or there are significant unseen liabilities or planning restrictions. Without further financial details, determining overall value is difficult, but the sheer amount of land presents considerable potential for future development. Potential buyers should conduct thorough due diligence, including cost assessments for demolition, ground works, and construction. Thorough planning permission investigations will also be critical for any future development.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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