haart says ..
LAND CORNER PLOT POSITION WITH PROPOSED PLANNING FOR 22 APARTMENTS WITH ALLOCATED PARKING AND SHOP
Property Oracle says ..
This property in Barwell, Leicestershire, presents itself as a development opportunity rather than a ready-to-occupy residence. The existing structure on Stapleton Lane appears derelict and in need of complete refurbishment or demolition. The listing highlights proposed planning permission for a multi-unit apartment building with allocated parking and a shop. This suggests substantial potential for a considerable return on investment. The property’s location in Barwell is reasonably convenient, with schools, shops, and transportation links within a relatively short distance. However, the condition of the existing building severely detracts from its immediate appeal. The £595,000 price tag reflects the value of the land and the potential future development, but prospective buyers need to consider the high costs of redevelopment, including demolition, construction, and planning fees. Overall, the property is a high-risk, high-reward investment, particularly suitable for experienced developers or investors with a strong understanding of the local market and development costs. The lack of precise square footage information for both the land and any potential future buildings hinders a completely precise valuation.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 226,500.00 £Decreased by 17.45 %
- Average area rental value
- 911.00 £/moIncreased by 3.17 %
- Est rental Yield
- 4.83 %Increased by 25.13 %
- Crime Rate
- 18.00 %Unchanged by 0.00 %
Agent Activity
haart created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Barwell Infant School | Community School | Good | 0.33 KM |
| Barwell Sure Start Children'S Centre | Children's Centre | 0.56 KM | |
| Barwell Church Of England Academy | Academy Converter | 0.56 KM | |
| Compass Community School Barwell | Other Independent Special School | 1.53 KM | |
| Heath Lane Academy | Academy Converter | Good | 1.78 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Myrtle Close | £ 0 | 0 | 0.00 KM |
| Shrewsbury Close | £ 0 | 0 | 0.00 KM |
| Ormond Close | £ 0 | 0 | 0.00 KM |
| Croft Close | £ 220,000 | 0 | 0.00 KM |
| Forest View Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Hinckley (Leics) | 1870 | HNK | 4.68 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Stapleton Lane, Barwell, LE9 | £ 200,000 | BUY | 5 / 10 | 0.03 KM |
| Stapleton Lane, Barwell, Leicester | £ 220,000 | BUY | 7 / 10 | 0.04 KM |
| Hazel Way, Barwell, Leicester | £ 330,000 | BUY | 7 / 10 | 0.07 KM |
| 2 Fairacre Road, Barwell, Leicester, LE9 8HH | £ 180,000 | BUY | 6 / 10 | 0.09 KM |
| Fairacre Road, Barwell | £ 250,000 | BUY | 6 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 66 Stapleton Lane | £ 123,000 | 0.02 KM |
| 68 Stapleton Lane | £ 114,000 | 0.02 KM |
| 75 Stapleton Lane | £ 157,000 | 0.02 KM |
| 58 Stapleton Lane | £ 92,500 | 0.03 KM |
| 69 Stapleton Lane | £ 235,000 | 0.03 KM |