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Iwood Lane, Rushlake Green TN21 4 bed detached bungalow for sale
Egypt Farm Bungalow, Rushlake Green
£850,000
Egypt Farm Bungalow, Rushlake Green
£850,000
Our Summary
- The detached chalet bungalow, which is currently uninhabitable due to flood damage caused by burst internal waterpipes, is now in need of complete renovation or replacement (subject to any necessary permissions)
- Since the family retired from farming, the agricultural outbuildings have fallen into a state of disrepair and are now in need of extensive renovation or replacement (subject to any necessary permissions)
- The property will be sold subject to an overage provision stipulating that a payment of 25% of the uplift in value will be triggered in the event of planning permission being granted for more than one additional residential dwelling and/or commercial development within a period of 15 years from the date of sale
Description
This property, Egypt Farm bungalow, is a detached chalet-style bungalow located off a country lane within the High Weald Area of Outstanding Natural Beauty. The property has a rich history, having been part of a larger farm that was purchased by the vendor's family in 1966. The bungalow is currently uninhabitable due to flood damage and is in need of complete renovation or replacement. The property comprises five bedrooms, three bathrooms, a kitchen, dining room, and sitting room, with a total floor area of approximately 1,400 square feet. The property also includes a large garden, approximately 24.58 acres of agricultural land, and various agricultural outbuildings. The property is being sold subject to an overage provision and an agricultural occupancy condition, which limits the occupation of the bungalow to persons employed in agriculture or forestry. The property is being sold by private treaty and is offered with vacant possession upon completion.