LOT 22
GUIDE PRICE: £130,000 - £135,000 PLUS VAT
Land at Vulcan Road, North Evington, Leicester, LE5 3ED
Solicitor Details
Chetty & Patel, 133 Loughborough Road, Leicester LE4 5LQ Tel: (0116) 254 6222 ~ Ref: U Patel
*Guide Price & Reserves
RESIDENTIAL DEVELOPMENT
Addendum
VAT is payable on the purchase price.
Property Description
A level plot of landscaped amenity space of approximately 0.051 acre (209 sqm) with planning permission for a 2 and a half storey building providing 5 self contained flats.
Location:
The site is located near to the junction of Maynard Road and Sherrard Street and is near to Charnwood Primary School.
Planning:
- The contract will include a restrictive covenant limiting development for residential use (new build) only
- The contract will include an Overage Clause for a 25 year period stating that if the residential development includes for in excess of one small unit then an overage payment of 25% of the agreed sale price (subject to an upward only indexation in line with any increase in the Consumer Prices Index between the date of legal completion and date of payment of the overage) would be payable to LCC per additional dwelling
- Planning has been granted for change of use from public open space to dwelling houses; construction of 2 and a half storey building providing 5x1 bedroom flats
- Planning Application No: 20250173 dated 10.03.2026
- Local Authority: Leicester City Council (0116) 454 3000
Tenure
Freehold.
Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
