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Ridley Reservoir, Merelake Road... 4 bed detached house for sale
Ridley Reservoir, Merelake Road, Alsager ST7 1UF
£400,000
Ridley Reservoir, Merelake Road, Alsager ST7 1UF
£400,000
Our Summary
- EXCITING DEVELOPMENT OPPORTUNITY CHESHIRE BOARDER PREVIOUS RESERVOIR BUILDING PARTLY CONVERTED
- FOR SALE VIA ONLINE AUCTION ON MONDAY 26th MAY AT 1PM UNTIL TUESDAY 27th MAY 1PM
- Auction House Staffordshire welcomes a amazing GRAND DESIGNS opportunity (this property has been a part of the grand designs programme previously)
- Artist impression images of potential finished project
- Development potential perfect for builder/developer or home owner looking for their family home to make their own
- 2 Million Development Cost: £600,000 Estimated Profit: £750,000 - £1,150,000 Planning reference number 18/5380C
- FOR SALE VIA ONLINE AUCTION ON MONDAY 26th MAY AT 1 PM UNTIL TUESDAY 27th MAY 1 PM
- PRE & POST AUCTION OFFERS WELCOME
- Pre & post auction offers welcome
Description
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Here is a summary of the property description in a single paragraph:
A unique development opportunity is available in Alsager, Cheshire, in the form of a former reservoir building with over 8,000 square meters of space. The property, which has been featured on Grand Designs, offers a blank canvas for a buyer with vision to create their dream home or development project. With extensive views of the surrounding countryside, the property has huge potential for renovation and extension, and is being sold via online auction with a guide price of £450,000. The estimated gross development value is between £1.8 million and £2.2 million, with a potential profit of £750,000 to £1.15 million, making it an attractive investment opportunity for builders, developers, or homebuyers looking to create their own unique living space.