This is a great opportunity to acquire a well-located site with an existing three bedroom detached dwelling and significant potential for further development (STP).
A feasibility Study has been drawn up for the demolition of the existing dwelling and construction of 4 x three-bedroom detached houses and a single two-bedroom bungalow.
This clearly demonstrates potential for re-development on the site which would be appropriate given the significant demand for residential opportunities within the area. At this stage no formal discussions or pre-applications advice has been obtained from the Local Planning Authority.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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