4 bedroom detached bungalow for sale

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4 bedroom detached bungalow for sale

Lot 2, Egypt Farm, Rushlake Green
£850,000

Our Summary

  • 6 acres, Lot 2 briefly comprises: EGYPT BUNGALOW (SUBJECT TO AN AOC) 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)
  • AGRICULTURAL OUTBUILDINGS 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)
  • OVERAGE PROVISION The property will be sold subject to an overage provision stipulating that a payment of 30% of the uplift in value will be triggered in the event of planning permission being granted for any additional residential dwellings and/or commercial development within a period of 15 years from the date of sale

Description

The property is located off a country lane in the High Weald Area of Outstanding Natural Beauty, approximately 1.7 miles from the villages of Rushlake Green and Cowbeech. The property, Egypt Farm Bungalow, is a detached chalet bungalow that is currently uninhabitable due to flood damage. The bungalow is situated on approximately 26.6 acres of land, which includes a pond and a variety of trees and shrubs. The property is being sold in two lots, with Lot 2 extending to approximately 24.58 acres of pasture, woodland, and a single bank stream frontage. The agricultural outbuildings have fallen into disrepair and require extensive renovation or replacement. The property is freehold and will be sold with vacant possession, subject to a grazing license. The occupation of the bungalow is limited to persons whose employment or latest employment is in agriculture or forestry, and the property is sold subject to an overage provision. The plans provided are for identification purposes only, and purchasers should satisfy themselves on the location of external or internal boundaries prior to offering.
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