Property With Potential Logo Property With Potential - return to homepage
Glenister Road, Chesham, HP5 4 bed semi

>

Glenister Road, Chesham, HP5 4 bed semi

Glenister Road, Chesham, HP5
£560,000

Our Summary

  • With beautiful far reaching views over the Vale, this 3/4 bedroom Unity bungalow is offered chain free to cash buyers, and sits on a large corner plot at the end of a small cul-de-sac
  • The property is sold with planning permission submitted (PL/22/1578/FA) to demolish the existing property and build three, 3 bedroom houses plus a study on the first floor and 2 designated parking bays
  • The vendor has submitted two pre-planning advice applications to Buckinghamshire Council prior to submission of full planning permission
  • There is nothing further required for the planning application to be approved
  • Planning applications have been rejected in this time but the Council have been unable to approve applications
  • Before the moratorium can be lifted, a Suitable Alternative Natural Green Space (SANG) is needed, and four different SANG planning applications have been submitted by the Council
  • In summary, this property provides a unique opportunity for cash buyers looking to purchase a beautiful family home, buy-to-let and/or development site
  • Applied planning for a scheme of 3 houses
  • Unity Construction Cash Buyers Only

Description

This 3/4 bedroom Unity bungalow is being sold chain-free to cash buyers and sits on a large corner plot with beautiful views over the Vale. The property has planning permission submitted to demolish it and build three 3-bedroom houses, each valued at £525,000-£550,000, giving a gross development value of £1.57-1.65 million. The site has been valued at £550,000-£577,000. The property itself has a large wrap-around garden, private driveway parking for up to 5 vehicles, and versatile accommodation exceeding 1,000 sq ft. It's located just 0.6 miles from Chesham town centre and is in the catchment area for top-performing schools. The vendor has submitted pre-planning advice applications and all necessary reports and surveys have been commissioned and submitted. The property would achieve over £1,850 per month on the private rental market, making it a unique opportunity for cash buyers looking to purchase a beautiful family home, buy-to-let, and/or development site.