King West says ..

Property Oracle says ..

This property at Welford Road, Knaptoft, is a development opportunity centered around a cluster of derelict barns. Situated in a rural location in Leicestershire, it offers a significant land area suitable for a new build or extensive refurbishment project. The remoteness, however, implies reliance on private transport, and the nearest schools and amenities are some distance away.

The barns themselves are in a state of disrepair, requiring substantial investment to bring them to a habitable standard. The provided photos clearly show significant structural damage and dilapidation in various sections. Therefore, a potential buyer would need to factor in significant construction or refurbishment costs into their overall budget. This could potentially raise the overall project cost considerably.

The large plot of land presents an attractive aspect, especially for those seeking a rural lifestyle and a project with ample space. It offers considerable potential and flexibility for different uses.

The pricing of £400,000 appears to reflect the value of the land, given the absence of a habitable structure. Nevertheless, a full cost analysis of the required works would be needed to determine if this price represents good value in the present state of the property. Further investigation would be prudent, including a survey of the land and building and consideration of planning permissions and building regulations.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images