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3 bed bungalow
Pavilion Bungalow, Hook Lane, Bognor Regis, West Sussex PO22
Auction Planning
£300,000
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Our Summary
- Planning Ref: BR/163/23/PD (Arun District Council)
- Freehold Detached Three Bedroom Bungalow with Large Garden and Off-Road Parking PO22 8ATGuide Price £300,000 *Buyers Premium Applies For sale by online auction
- To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- uk Town & Country Property Auctions are delighted to offer For Sale by Public Auction this Freehold Detached Three Bedroom Bungalow with planning permission for an additional floor, presenting an excellent investment opportunity
- Prior approval has been granted by Arun District Council under Schedule 2 Part 1 Class AA for the erection of an additional floor over the original dwelling house, offering potential for further development and added value (Planning Application Number: BR/163/23/PD)
- This property presents a fantastic investment opportunity for landlords and developers alike, combining immediate rental income with future development potential
- There may be potential for redevelopment of the site, subject to obtaining all necessary planning permissions
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Description
The property is a freehold detached three-bedroom bungalow with off-road parking and a large rear garden. It measures 3 bedrooms, with 1 reception room, and a bathroom. The property has prior approval for an additional floor under planning regulation Schedule 2 Part 1 Class AA (Planning Ref: BR/163/23/PD) and council tax band D.
It currently produces £19,800 per annum in rental income through an Assured Shorthold Tenancy Agreement.