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4 bedroom detached house for sale
Truro, Cornwall
£450,000
Truro, Cornwall
£450,000
Our Summary
- Mundic block is present in an historic extension therefore interest invited from CASH BUYERS
- Offering huge scope for improvement and/or total redevelopment
- CASH BUYERS The property historically has undergone a Concrete Screening Test
- The results classify the property as unmortgageable
- Whilst there is obviously considerable scope for redevelopment of the site for a new dwelling/dwellings (subject to gaining necessary consents), it is by no means expected that an incoming purchaser will wish to demolish the existing dwelling as it is currently and long been used as a lived-in family home
- Indeed, for a cash buyer the availability of Innisfree represents a fantastic opportunity to acquire a house which simply would not be available in this type of price bracket were it not for the presence of mundic block
- A third option would be to remove and rebuild the extended parts of the property under architect/surveyor supervision which as part of a redevelopment project would also potentially enable the property to become a normal mortgageable property in the fullness of time (subject to gaining necessary consents)
- Great scope for improvement/redevelopment
Description
This charming period family home, located on the outskirts of Truro, offers a unique opportunity for a cash buyer to acquire a property with huge scope for improvement and/or redevelopment. The 4-bedroom, 4-reception room home is set within approximately 0.6 acres of gardens that directly abut surrounding countryside, and features a triple garage block and large dilapidated timber outbuilding. The property has been affected by mundic block, a historic extension issue, which makes it unmortgageable. However, there are several options available to the buyer, including raising a mortgage against the plot value, demolishing and rebuilding the extended parts of the property, or removing and rebuilding under architect/surveyor supervision. The property's current condition and price make it an attractive opportunity for a cash buyer, with the potential to renovate and modernize the property or redevelop the site for a new dwelling or dwellings, subject to gaining necessary consents.