Land For Sale £150,000
Building Plot with Planning Permission Granted for 3 Bedroom Detached House with Garden and Parking.
Planning Permission
Full Planning Permission has been granted for a two storey house with a gia of approx 90m2. The full plans can be viewed and downloaded on the council website under reference: 20/00627/ful
Future Resale Value
Built to a good standard we would estimate a future resale value of £350,000 to £375,000.
Access / Dates
The plot is attached to the neighbouring property which is tenanted and serving out their notice. Potential purchasers may look from outside but not enter the site. A sale can be agreed now and contracts exchanged, with completion set for the end of the tenancy on 01/08/21
Nb:
The council requires two contributions to be made, as follows, for which the purchaser shall be responsible:
Solent Special Protection Area Mitigation Scheme (sspa)
Affordable Housing Scheme (ahc)
and the amounts are based on the number of bedrooms (ie three)
sspa – the amount due is £637.00 and is paid on commencement of the build
ahc - the amount is calculated based on the final value of the property and is paid on the sale/occupation of the dwelling. The formula is given on the weblink and includes a ‘threshold’ of £100k and a tariff of 3%. For example if the property is sold for £350,00 the amount due is 350,000-100,000=250,000 and multiplied by 3% = £7,500
Planning Permission
Full Planning Permission has been granted for a two storey house with a gia of approx 90m2. The full plans can be viewed and downloaded on the council website under reference: 20/00627/ful
Future Resale Value
Built to a good standard we would estimate a future resale value of £350,000 to £375,000.
Access / Dates
The plot is attached to the neighbouring property which is tenanted and serving out their notice. Potential purchasers may look from outside but not enter the site. A sale can be agreed now and contracts exchanged, with completion set for the end of the tenancy on 01/08/21
Nb:
The council requires two contributions to be made, as follows, for which the purchaser shall be responsible:
Solent Special Protection Area Mitigation Scheme (sspa)
Affordable Housing Scheme (ahc)
and the amounts are based on the number of bedrooms (ie three)
sspa – the amount due is £637.00 and is paid on commencement of the build
ahc - the amount is calculated based on the final value of the property and is paid on the sale/occupation of the dwelling. The formula is given on the weblink and includes a ‘threshold’ of £100k and a tariff of 3%. For example if the property is sold for £350,00 the amount due is 350,000-100,000=250,000 and multiplied by 3% = £7,500
