Newton Fallowell says ..

Property Oracle says ..

This listing presents a development opportunity in the desirable Wolds area of Leicestershire. The plot of land at Land adj to No.2 Seymour Road, Charnwood, is offered for sale at £130,000 and comes with full planning permission granted for a new build. The planning permission includes details for a three-bedroom, one-bathroom house, showing the scale of potential building project. The location is attractive, with the nearby Burton-On-The-Wolds Primary School receiving an ‘Outstanding’ Ofsted rating and other good schools within reach. Transport links to nearby towns, including access to the East Midlands Railway, are also a plus. The existing plot itself is largely undeveloped, shown in the provided images as an overgrown area. The current state requires significant groundworks and preparation before construction can begin. Although nearby property prices are considerably higher, reflecting developed properties, the comparatively lower list price for the land is justifiable considering the absence of an existing structure, thus reflecting the cost of building a new home on the plot from the ground up. Potential buyers should be mindful of further costs associated with construction, including materials, labour, and associated professional fees. Further due diligence, including accurate measurement of plot size and a thorough review of planning permissions, is advised prior to committing to a purchase. This building plot provides potential to create a family home in a highly sought-after area, offering a considerable return on investment once built, but buyers should also fully understand the inherent risks and costs associated with self-build projects and accurately assess the time commitment and financial investment required.

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

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