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Glenister Road, Chesham, HP5 4 bed semi
Glenister Road, Chesham, HP5
£560,000
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 in Chesham, Buckinghamshire, is being sold chain-free to cash buyers and offers a unique opportunity for development. The property is situated on a large corner plot with far-reaching views over the Vale and features a large wrap-around garden, private driveway parking for up to 5 vehicles, and versatile accommodation exceeding 1,000 sq.ft. The property has planning permission submitted to demolish the existing property and build three, 3-bedroom houses, each valued at between £525,000-£550,000, giving a gross development value of £1.57-£1.65 million. The site is valued at between £550,000-£577,000, and the property would achieve over £1,850 per month on the private rental market. The location is convenient, with Chesham town centre and London Underground's Metropolitan Line station just a short walk away, and the property is in the catchment area for top-performing schools.