5 bedroom detached house for sale

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5 bedroom detached house for sale

Lower Olland Street, Bungay, Suffolk, NR35
£1,000,000

Our Summary

  • The site provides a fantastic development opportunity within this market town in the Waveney Valley
  • The property would provide an excellent family home, although it does require some updating
  • Town Centre Development Opportunity

Description

This property is a 1.73-acre development opportunity in the market town of Bungay, Waveney Valley, approximately 15 miles southeast of Norwich. The site includes a substantial five-bedroom family home with garage and outbuildings, offering close to 4,000 square feet of accommodation. The property is situated in a highly sustainable location, just 130 meters from the town center and bus stops, with easy access to nearby towns and cities. The site is bounded by residential and commercial properties and is located within the East Suffolk District Council policy area. The local planning authority, East Suffolk Council, has a five-year land supply, but is expected to increase its housing targets, making it an attractive opportunity for development. Additionally, the site is within a CIL charging zone, with a rate of £110.14 per square meter.