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1 bed property, in Oak Meadow, £850,000
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1 bed detached house

Oak Meadow, Bishops Wood Road, PO17 5AT
£850,000

Our Summary

  • DEVELOPMENT OPPORTUNITY WITH A CHOICE OF 2 PLANNING CONSENTS
  • DEVELOPMENT UPLIFT: Subject to the level of any offer the Vendor is mindful to retain a 25% share of any uplift in value caused by future Planning Consents for any residential, commercial and leisure development that occurs on the Property a period of 30 years

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Description

The property, known as "Oak Meadow", is a 3.59-acre site that includes a 1 x bed bungalow (537ft2), an agricultural building (1,743ft2), a permeable hardstanding yard, a mobile home (for storage only), and approximately 3.27 acres of pasture land. The existing building features 3 undeveloped permissions for residential development, including a consent for demolition and replacement with 3 detached dwellings, and a consent for the conversion of the agricultural building to form 2 dwellings. The site also has a vehicular access off Bishops Wood Road, and no public rights of way or ecological designations affect the property.

Utilities on site include mains electricity, water, and an existing treatment plant, with mains telephone also available.