House For Sale £500,000
An extended semi detached bisf (British Iron and Steel Federation) house which has previous approved planning for a double storey side extension under Planning application P/1686/18 - Valid From 16/04/2018 and now lapsed.
An application was also lodged for a new dwelling to be constructed at the side, under Planning application P/5092/17 - Valid From 07/11/2017 which was refused but not appealed against.
The house is currently rented to a Housing Association achieving around £14000 per annum which is due to end in around March 2022 and is subject to a renewal.
If further planning was to be granted for an additional dwelling then the resale value of the two units would be between £850,000 and £900,000 delivering a health
An extended semi detached bisf (British Iron and Steel Federation) house which has previous approved planning for a double storey side extension under Planning application P/1686/18 - Valid From 16/04/2018 and now lapsed.
An application was also lodged for a new dwelling to be constructed at the side, under Planning application P/5092/17 - Valid From 07/11/2017 which was refused but not appealed against.
The house is currently rented to a Housing Association achieving around £14000 per annum which is due to end in around March 2022 and is subject to a renewal.
This in a ideal opputunity for an investor/builder/developer to acquire a freehold house and explore planning options further. The house is currently worth around the £475,000 and would increase to around £550,000 to £575,000 with the completed side extension.
If further planning was to be granted for an additional dwelling then the resale value of the two units would be between £850,000 and £900,000 delivering a healthy profit after costs.
Interested parties should contact Steve K Downes DipSurvPract in the first instance on to discuss the matter further.
An application was also lodged for a new dwelling to be constructed at the side, under Planning application P/5092/17 - Valid From 07/11/2017 which was refused but not appealed against.
The house is currently rented to a Housing Association achieving around £14000 per annum which is due to end in around March 2022 and is subject to a renewal.
If further planning was to be granted for an additional dwelling then the resale value of the two units would be between £850,000 and £900,000 delivering a health
An extended semi detached bisf (British Iron and Steel Federation) house which has previous approved planning for a double storey side extension under Planning application P/1686/18 - Valid From 16/04/2018 and now lapsed.
An application was also lodged for a new dwelling to be constructed at the side, under Planning application P/5092/17 - Valid From 07/11/2017 which was refused but not appealed against.
The house is currently rented to a Housing Association achieving around £14000 per annum which is due to end in around March 2022 and is subject to a renewal.
This in a ideal opputunity for an investor/builder/developer to acquire a freehold house and explore planning options further. The house is currently worth around the £475,000 and would increase to around £550,000 to £575,000 with the completed side extension.
If further planning was to be granted for an additional dwelling then the resale value of the two units would be between £850,000 and £900,000 delivering a healthy profit after costs.
Interested parties should contact Steve K Downes DipSurvPract in the first instance on to discuss the matter further.
