This property presents a noteworthy opportunity for developers and investors looking to capitalize on its renovation potential. Situated in a semi-rural area, the land comes with outline planning permission for the construction of two residential properties. The existing structures—two derelict bungalows—are set for demolition, paving the way for new, modern homes.
The planning application (reference 22/00891/FUL) allows for the construction of two 1.5-storey dwellings, offering flexibility in design and layout that can cater to current market demands. The location boasts convenient access to Ely and Mildenhall, making it attractive for potential homeowners seeking a balance between rural tranquility and urban amenities.
Investors may find this property particularly appealing due to its potential for development in a desirable area. The surrounding community is growing, providing an excellent backdrop for new builds that could meet the needs of families and professionals alike.
As part of the procurement process, prospective buyers should be aware that this property will be sold via Modern Method of Auction. This method requires both parties to complete transactions within a specified timeframe, allowing room for financing options under certain conditions. A Buyer Information Pack is available, detailing essential documents about the property.
This opportunity not only offers immediate plans but also opens avenues for further investment strategies aligned with local housing trends. Engaging in due diligence will be crucial as you explore this prospect—ensuring all aspects are thoroughly understood before proceeding with any bids or offers.
