3 bed semi-detached house for sale

Saffron Lane, Leicester, Leicestershire LE2

This property is offered for sale through the Modern Method of Auction which is operated by Iamsold Limited.

This three bedroom semi-detached home is in urgent need of some care and attention. Unfortunately, the home has been neglected for some considerable time and will certainly require a complete 'back to brick' refurbishment from top to bottom. What is does offer is a huge amount of future potential either to refurbish and rent or to repair and sell in the future having added considerable value.

The home is very well placed for a variety of local amenities and commuter routes. Wigston Magna, South Wigston, Blaby and Aylestone are all readily accessible all providing supermarkets, a plethora of smaller shops, services and eateries as well as leisure and medical centres. There are excellent road links into the city of Leicester and toward Fosse Park and Junction 21 of the M1/M69. The home is also within the catchment for good local schools of all age groups. This means the home, once renovated will have wide ranging appeal to couples and families of all ages and demographics.

The accommodation itself is spacious and includes an entrance hall, a ground floor WC, generous lounge and a kitchen which offers integral access to a garage. On the first floor, there are three well-proportioned bedrooms and a first floor bathroom. The plot also provides scope to extend both to the side or rear. This opens the possibility of adding even further value.

The home will require clearing, a re-wire, re-plumb and re-plastering. A new kitchen, bathroom and ground floor WC. New glazing and new doors will also be needed. The investment required is substantial, but the home has been priced to reflect the amount of work required and will should mean there will be a respectable profit to be made for any prospective developers, builders or anyone with the right connections.

The home does benefit from a driveway and a garage to the side. The garage opens possibilities to be converted or replaced by extension. The garden at the rear is a good size but is very overgrown and will need clearing before any form of landscaping can take place.

This home does offer huge potential but there is no doubt it will take some time, effort and investment to restore this home to its former glory. Internal viewing is essential to understand the task at hand but, care should be taken when visiting.

Auctioneers Comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.