Land For Sale £440,000
OF INTEREST TO BUILDERS / DEVELOPERS / INVESTORS.
LAND / BUILDING PLOT AND ORIGINAL 3 BEDROOM SEMI-DETACHED HOUSE FOR NEW BUILD PROJECT.
PLANNING PERMISSION GRANTED FOR NEW BUILD 50SQM 2 BEDROOM DETACHED BUNGALOW.
Residential land / building plot located in the ever popular and sought after private area of 'Barton Hills' (Bramingham estate) in the far North of Luton, very close to numerous local amenities including Sainsbury's supermarket; the pub; the fish & chip shop; the doctor's surgery and the pharmacy, and Bramingham Park. The land / building plot and the accompanying original 3 bedroom semi-detached house benefit from the granting by The Planning Inspectorate upon Appeal on 10 May 2021 under Application Ref. 20/00463/FUL for full planning permission approval for the construction of a new build 50sqm 1 bedroom detached bungalow with 2 off- street vehicle parking spaces and a decent sized rear garden, following demolition of the side garage of the original 3 bedroom semi- detached house.
* However, with the installation of an internal stud wall under Permitted Development the new build detached bungalow's [very large] single bedroom can be made into 2 still [both double] bedrooms. As per the architectural plans (plans for 2 bedrooms shown). *
Anticipated Gross Development Value of the new build 50sqm 2 Bedroom Detached Bungalow once completed of £350,000-£375,000.
Easy sale once completed to a Down-Sizer, Single Occupant, or those requiring Disabled Access.
Please note the vendor strictly wishes to sell both the land / building plot (value £175,000) and the original 3 bedroom semi-detached house (value £325,000, with 2 off-street vehicle parking spaces) altogether simultaneously at a combined total sale / purchase price of £450,000 (£450,000 - (£175,000 + £325,000) = discount of £50,000). Thus the vendor is NOT willing to solely sell just the land / building plot on its own (although they are happy to sell the two elements of the property in two separate but co-dependent / inter-linked transactions so the current single title can be split into two upon the completion of sale / purchase).
This is a fantastic low-cost but comparatively good return small residential property development project, interest in it is expected to be high, and it is envisaged that it will sell quickly, so serious buyers are advised to act swiftly so as to not lose out!
*Of interest to Builders / Developers / Investors
*Land / Building Plot and Original 3 Bedroom Semi-Detached House for New Build Project
*New Build 50sqm 2 Bedroom Detached Bungalow, with 2 Side-by-Side / Parallel Off-Street Vehicle Parking Spaces
*Planning Permission Granted by The Planning Inspectorate upon Appeal on 10 May 2021
*Planning Application Ref. 20/00463/FUL
*2 Double Bedrooms, with Plentiful Wardrobe Space
*Lounge-Diner-Kitchen Area, with Bi- Fold / Concertina Doors to Rear Garden
*3-Piece Bathroom
*Rear Garden, with Patio Area and Side Gate Providing Rear Access
*Additional Side Garden Area, with Side Access Gate
*Plentiful Storage
*Located at the head of a cul-de-sac in a really quiet and established area
*Close to numerous Local Amenities
*Bus Stop to / from Luton Town Centre, the L&D Hospital, and both Luton and Leagrave Train Stations
*No Restrictive Covenant / Section 106 / Community Infrastructure Levy (CIL) Fees
*Full Plans Approval of Local Authority Building & Fire Regulations received, and consent to Build Over Agreement from Thames Water provided (both documents available upon request)
*Anticipated Gross Development Value of the New Build 50sqm 2 Bedroom Detached Bungalow once completed of £350,000-£375,000
*Original 3 Bedroom Semi-Detached House, with 2 Side-by-Side / Parallel Off-Street Vehicle Parking Spaces and rear garden access
*Value of the Original 3 Bedroom Semi- Detached House £325,000, with 2 off-street vehicle parking spaces
*Freehold
Please exclusively call Alan Hilditch, Director, at Satchells (Baldock Office) on[use Contact Agent Button] to discuss or request further details.
Agents Note: All information relating to this property has been supplied to us by the vendor.
