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Land For Sale £1,095,000
Bridge Street, Chepstow NP16


Description
Superb Opportunity

Grade Ii Listed Five Bedroom Townhouse

Plus Planning For 4 Plots

All With Private Gardens Plus Communal Areas

18 Car Parking Spaces

Fantastic Location With Views Of Chepstow Castle

Huge Potential

Description

Rare opportunity to purchase a three storey Grade II listed townhouse with planning permission for four plots to the rear. Set within a conservation area in the medieval town of Chepstow. The property is set over three floors and when refurbished will create a spacious five bedroom home with private gardens and parking plus views of Chepstow Castle. Formerly a public house, permission has been granted for change of use to residential. (DM/2019/01922) To the rear of the property, planning permission has been granted for four plots (DM/2019/01922) comprising 2 x four bedroom detached properties and 2 x four bedroom semi-detached houses. All of which will benefit from private gardens and communal parking area for 18 vehicles.

Situation

The property and plots are situated in the old centre of the medieval market town of Chepstow and is just opposite Chepstow Castle, the oldest surviving post-roman stone fortification in Britain. Chepstow itself is described as the gateway to the Wye Valley, which is a designated area of outstanding natural beauty. There are many outdoors pursuits to be had nearby to include many world famous walks, the national diving centre and the Forest of Dean to name but a few. The town itself has many cafes, bars, bistros and restaurants plus many independently owned stores. There are good junior and comprehensive schools in the area and Chepstow has excellent commuter links via bus and rail with the A48, M4, M48 and M5 networks bringing Newport, Cardiff, Bristol, Gloucester and Cheltenham within commuting distance.

Grade Ii Three Storey Townhouse

Grade II listed former public house, which has been granted change of use to create a spacious five bedroom family home set over three floors, with the additional benefit of a cellar. The former public house needs complete refurbishment and some demolition work needs to carried out. The current owners are in receipt of a quote for this from 'Ben's Reclamation' which is to the sum of £12,000 + VAT, not including gas or electrics. To the ground floor, spacious kitchen/dining room, two reception rooms, gf W.C. And cellar. On the first floor, three bedrooms, one en-suite and family bathroom with two further bedrooms on the third floor. Outside, gardens and parking.

Planning Permission

Planning granted January 2021.
Demolition of modern extensions and conversion of original pub building to residential. Erection of 4 new dwellings to the rear with car parking and associated external works. Grade II Listed Townhouse ref no: DM/2019/01922. Planning for 4 x four bedroom plots DM/2019/01921

Plot 1 - 1184.03 Sq. Ft

Detached four bedroom property, set over three floors. To the ground floor, Reception hall, open plan kitchen/dining room, with utility off, living room and gf W.C. On the first floor, Three bedrooms and bathroom plus further bedroom with en-suite on the third floor. Outside, private garden and communal parking.

Plot 2 - 1291.67 Sq. Ft

Semi-detached with open plan kitchen/dining room, living room and gf W.C. With four bedrooms, one of which is en-suite and family bathroom situated on the first floor. Outside, private garden and communal parking.

Plot 3 - 1162.5 Sq. Ft

Semi-detached with open plan kitchen/dining room, living room and gf W.C. With four bedrooms on the first floor, one of which is en-suite and family bathroom. Outside, private garden and communal parking.

Plot 4 - 1377.78 Sq. Ft

Detached property with open plan kitchen dining room, living room, study and gf W.C. To the first floor, four bedrooms, one of which is en-suite and bathroom. Outside, private garden and and communal parking area.

Parking Area

Communal paring area with parking for 18 spaces.

Section 106 Agreement

There is a section 106 agreement with a financial contribution of £35,076 towards affordable housing for Monmouthshire.

Planning Permission

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