Nestled at the end of a quiet cul-de-sac, this versatile 4-bedroom bungalow offers a generous corner plot with significant renovation and investment potential. With plans already submitted to Buckinghamshire Council for the demolition of the existing structure and the construction of three three-bedroom homes, this property represents an appealing opportunity for cash buyers interested in development.
The current layout provides over 1,000 sq. ft. of living space, highlighted by a spacious triple aspect lounge that overlooks a large wrap-around garden. The outdoor area is not only private and expansive but also offers ample driveway parking for up to five vehicles, ensuring convenience for residents and guests alike.
Located just 0.6 miles from Chesham town center, the property benefits from easy access to a variety of shops and dining options along the high street, as well as proximity to the Metropolitan Line station for straightforward commutes into London. Families will appreciate being within reach of reputable schools, including Chesham Grammar School and Dr Challoner’s Grammar School.
The vendor has proactively sought pre-planning advice from Buckinghamshire Council prior to full application submission. Feedback indicates strong support for developing the site into multiple units, with written confirmation that proposals are in line with local policies aimed at optimizing brownfield land use. Additionally, all necessary surveys related to drainage, ecology, and biodiversity have been completed, ensuring that there are no outstanding requirements for the planning submission.
While construction approvals in Chesham & Amersham are currently on hold due to a local moratorium on new builds since March 2022, progress is being made towards lifting these restrictions soon. In July 2024, a mitigation strategy was approved by Buckinghamshire Council that includes financial contributions per dwelling from developers—critical steps indicating that development opportunities are forthcoming.
Valuations suggest that each proposed unit could achieve between £525,000 and £550,000 upon completion, translating to a gross development value (GDV) estimated between £1.57 million and £1.65 million. Given these figures, the existing site could be valued around £550,000 to £577,000 based on typical land value assessments.
In summary, this property offers an exceptional chance for investors looking to capitalize on its development potential or for families seeking a spacious home with room for customization. With anticipated rental returns exceeding £1,850 per month in the local market, it represents both immediate living possibilities and long-term investment strategy.
