Land for sale in Radstock Way, Merstham, Redhill RH1, £600,000

600,000.00

Offer Nr.:
63612325
Type of ad:
for Sale
Property type:
Land
Bedrooms:
3
Bathrooms:
1
Reception rooms:
2
Contact name:
Valley Homes
Phone(s):
020 8115 8776

* With Land
* Off - plan
* Freehold
* Rare building opportnity
* Plans already approved to build A 4 bed end of terraced house to the side of existing
* Current house is rented on AST producing A monthly income of £1500
* Off road parking can be provided for both properties within the existing permission
* Further information and plans available on request.
_ _'fantastic building opportunity' '__ _Planning permission has been
approved to build an additional 4 bedroom end of terrace house to the side of
the existing property. _ We are very pleased to offer for sale an 3 bedroom
family home with a large plot to the side which has full planning permission
to build an additional 4 Bedroom end terrace house the side of the property.
The current property is let out on an Assured Shorthold Tenancy agreement to
tenants that are fully aware that building works will commence to the side at
some point. The tenancy commenced in July 22 and the tenants are currently
paying £1500pcm ( equating to £18, 000 annually). Within the tenancy agreement
it has been agreed that this rent will reduce by 25% per month once the
building works commence. Whether this property is retained as a rental or sold
once the project is complete the benefit is that it is producing an income in
the meantime.
Once the building work is completed the existing property will become a mid
terraced property with the permission including the provision to provide off
street parking for this property as well as providing parking for the new
property.
The existing house provides good sized family accommodation with a large
living room opening up onto an additional conservatory, a modern well equipped
kitchen, modern family bathroom and 3 good sized bedrooms. The property will
lose its downstairs cloakroom but will still retain a decent sized garden.
The New Build property has plans approved to provide a large Kitchen Family
room to the rear with separate Lounge to the front and a downstairs cloakroom
on the ground floor. On the first floor there are 3 bedrooms with two being
doubles and one benefitting from en - suite shower room, with the family
bathroom also located on this floor and then on the second floor a further
double bedroom and en - suite are also provided.
Any additional information and plans can be provided on request.
Council tax for existing property is band C
**Freehold
**
Photos are for guidance purposes only and internal shots are from previous
occupier.

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