Andrew Granger says ..

Property Oracle says ..

This property presents a unique development opportunity in the desirable village of Wymondham, Leicestershire. The listing highlights a substantial 0.75-acre plot centrally located on Main Street, offering significant potential for residential development. The existing structure, however, is in a clear state of disrepair and appears to require complete renovation or demolition. Planning permission is mentioned but details are not provided. The price of £1,500,000 will need careful consideration given the extensive work necessary to transform the site. The value proposition lies heavily on the land value and potential return on investment following the completion of any development. Prospective buyers will want a detailed financial analysis considering demolition, construction, planning fees, and potential market conditions before committing to this project. The close proximity to a primary school is a positive factor but the absence of direct data on the property’s size limits a thorough analysis of its value per square foot and the overall profitability of a development project. Further investigation into planning permissions and potential costs for any development is highly recommended.

Therefore, we give this property 6 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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