4 bed detached house

Our Summary

• Excellent scope for updating and refurbishment
• Granted planning permission to create three additional dwellings
• “Why this is a development opportunity, not just a house sale” The asking price reflects the combined value of the existing dwelling and the consented development land to the rear
• Purchasers should therefore consider the opportunity as a refurbishment and development project rather than a standard residential house purchase
• Residential Development Opportunity – Existing Detached House Plus Outline Consent for Three Further Detached Dwellings An excellent opportunity to acquire a substantial residential development site extending, in total, to approximately one acre, situated in one of Ilfracombe’s desirable established residential locations close to Bicclescombe Park
• The house is now in need of modernisation and refurbishment, but offers generous accommodation, driveway parking, garaging, a private balcony and useful ancillary outbuildings
• For the right purchaser, the existing dwelling provides an opportunity to improve, refurbish and potentially reposition the home as part of a wider development project
• The principal value of the sale, however, lies in the land to the rear, which benefits from outline planning permission for the erection of three detached dwellings
• Each of the proposed new homes is understood to be approximately 180–200 sq m, creating the potential for a high-quality small development in an elevated residential setting
• Taken as a whole, the site offers the potential for a four-property project: the refurbishment of the existing detached house together with the construction of three new detached homes within the grounds
• This makes the opportunity particularly suitable for developers, builders, investors, self-build purchasers or those seeking a manageable residential scheme in a proven North Devon location
• Planning permission was granted in outline for three detached dwellings under North Devon Council planning application 74198, with all matters reserved
• Opportunities of this nature are rarely available in this location: a sizeable site, an existing dwelling with refurbishment potential, and outline consent for three further detached homes