This property presents a compelling development opportunity, nestled on an expansive 1.1 acre lot that includes an existing four-bedroom detached house and conditional planning approval for four additional detached homes. The current residence, with its considerable gross internal area of 172.1 sq.m. (1852 sq.ft.), offers a solid foundation for renovation and can easily be divided to maximize resale value. The site’s planning permission will enable the construction of four new dwellings, adding significant potential value to the overall project, estimated at approximately £1.7 million upon completion.
Conveniently located near local amenities and Junction 29 of the M1, this semi-rural setting combines strong connectivity with tranquil views from the rear. While the existing home features essential amenities like gas central heating and uPVC double glazing, it may require updates to truly capitalize on its investment potential.
The buyer is tasked with fulfilling various conditions laid out in the planning approval, as well as evaluating possible costs associated with connecting to mains services and assessing ground conditions; no site investigations have been performed thus far.
The property includes ample outdoor space featuring a mix of gardens, mature trees, and multiple garages/workshops, including a significant steel-framed structure at the rear offering around 98 m² of space for either storage or workshop activities. With both light refurbishment needs on the existing house alongside opportunities for new builds, this property holds promise for savvy investors seeking to enhance their portfolios.
