Ensum Brown are delighted to offer for sale this unique offering of a semi detached bungalow, located on a generous corner plot, that has outline planning granted for a detached bungalow of a similar size within the generous rear garden. The sale is ideally suited to a small developer looking to build the new dwelling and improve the current dwelling for resale.
The current dwelling will have the current title separated to sell the existing bungalow and building plot in two separate transactions. The value of the current bungalow being £210,000 and the building plot £70,000. Ensum Brown estimate that the newly constructed dwelling, completed to a good standard, would be worth in the region of £200k-£220k and improving the current dwelling would then see this worth in the region of £220k-£230k.Therefore an overall resale value of £420,000-£450,000.
The existing bungalow comprises of a lounge/dining room, kitchen, 2 bedrooms and bathroom. As part of the development the existing bungalow will have an enclosed garden and driveway parking. The property currently has double glazing and a gas fired radiator heating system with recently updated boiler. The existing garage and driveway will be removed as it forms part of the new dwellings plot.
The new dwelling will be created to the rear of the plot and, as mentioned, will be in place of the existing garage and driveway and take a proportion of the existing garden. Outline planning has been granted so the final design of the new dwelling is very much in the hands of the buyer.
All enquires invited, call Neil Wise @ Ensum Brown to discuss the offering in more detail or to arrange a site visit.
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