2-bedroom bungalow · LE11 2JQ
Listing removedListed 307 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
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Call and Press Option 4 The property benefits from approved planning permission for both a kitchen extension to the main dwelling and a detached annexe within the rear garden, with groundworks for the main extension already commenced.
Footings have been dug, and the planning consultant has been fully paid for all required sign-off visits, offering a future purchaser a rare opportunity to progress the development with time, cost, and risk already significantly reduced.
The existing accommodation currently provides two well-proportioned bedrooms, with scope to introduce an en-suite to the principal bedroom, alongside a modern four-piece bathroom which is in the process of being completed.
Set within a sizeable plot, the property lends itself to further enhancement, extension or reconfiguration (subject to final approvals), appealing strongly to investors, developers, or buyers seeking a value-add project.
Externally, the bungalow offers a large driveway providing ample off-road parking, a key consideration for resale and rental demand.
The location further underpins the investment credentials, situated within close proximity to Tesco Extra, Loughborough town centre, and a wide range of shops, amenities, and transport links.
With planning consent in place, professional fees settled, and groundwork already underway, this is an exceptional opportunity to fast-track a development project and unlock both capital growth and potential additional income streams, including annexe letting or multi-generational accommodation.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 21 Hazel Road, Loughborough
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