This 4-bedroom Unity bungalow, situated on a spacious corner plot at the end of a quiet cul-de-sac, offers significant renovation and investment potential. With views extending over the Vale, this property is currently available to cash buyers without any chain complications. The existing structure stands on a large lot with planning permission submitted (PL/22/1578/FA) for the demolition of the current home and development of three new three-bedroom houses, each featuring an additional study on the first floor along with designated parking.
The property boasts a generous wrap-around garden that encompasses three sides, providing ample outdoor space. A private driveway accommodates parking for up to five vehicles. Inside, the residence exceeds 1,000 sq.ft., offering versatile living arrangements highlighted by a triple-aspect rear lounge that overlooks the vast garden area.
Located just 0.6 miles from Chesham town center, residents will appreciate the convenience of nearby independent shops and restaurants. The location also features access to the London Underground's Metropolitan Line station, facilitating straightforward travel into central London. Furthermore, it lies within the catchment area for several highly-regarded schools, including Chesham Grammar School and Dr Challoner’s Grammar School.
The vendor has proactively engaged with Buckinghamshire Council regarding redevelopment possibilities through pre-planning advice applications prior to submitting full planning permission. Correspondence from the Council indicates support for redeveloping this brownfield site to accommodate more units. All necessary surveys—covering aspects like drainage and biodiversity—have been completed and submitted as part of the planning process.
It’s important to note that there is currently a moratorium on new construction in Chesham & Amersham due to restrictions related to Beechwoods SAC since March 2022. However, developments are underway to lift this moratorium soon; in July 2024, Buckinghamshire Council approved a mitigation strategy that requires developers to contribute financially per dwelling before lifting restrictions.
According to estimated values for each proposed unit ranging between £525,000 - £550,000, the overall Gross Development Value (GDV) could reach approximately £1.57 million - £1.65 million. This positions the land value between £550,000 - £577,000 based on standard valuation practices.
In summary, this property represents an enticing opportunity for cash buyers interested in acquiring either a family residence or a development project with substantial rental potential—estimated market rents exceed £1,850 per month in today's market conditions.
