This substantial detached property, set within over 2.5 acres of private grounds, presents an intriguing opportunity for renovation and investment at the desirable edge of Dinas Powys. With a notable c. 40-meter frontage, the property features extensive parking options, including two carport/garages and an aesthetically pleasing roundabout entrance.
Spanning approximately 3,315 square feet, this property was originally configured as two semi-detached homes and now awaits a visionary touch to unlock its full potential. The expansive grounds not only offer privacy but also hold significant opportunities for modernisation or redevelopment, making it an appealing prospect for those looking to create a unique residence or multiple dwellings.
The location enhances its value further; situated on the edge of Dinas Powys, the property benefits from south-facing gardens and views extending towards the coastline. This setting is highly sought-after, combining rural tranquility with convenient access to local amenities.
Additionally, there are financial incentives to consider. Due to its vacant status for over two years, buyers may qualify for a reduced VAT rate of 5% on qualifying renovations and improvements. There's also a possibility that the current derelict condition could allow for Land Transaction Tax (LTT) to be assessed at a commercial rate. Furthermore, potential grant funding of up to £25,000 is available for eligible projects.
In summary, this property offers a unique canvas ripe for transformation in a prime locale. Prospective buyers are encouraged to conduct their own thorough investigations into all aspects of the property—its condition, dimensions, planning permissions, and any financial incentives or tax implications—to fully appreciate its potential.
