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London Development Opportunity in Croydon

£280,000
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Ended
Posted:
4 weeks ago

Description:

Description

Uneek Homes are proud to be instructed to sell this London development opportunity with planning consent for a 2 bed basement flat and submitted plans for 2 x 3 bed flats

Location

The property is ideally situated in the popular residential area in Thornton heath, Close to Thornton Heath Train Station it provides excellent transport links to the City. Property benefits from being close to all local amenities and leisure activities.

Site/Planning

This development opportunity for Excavation to provide basement area flats. With planning consent for a two bedroom flat and construction of lightwells granted by Croydon Borough Council under application number 15/01135/P. In addition A new application for 2 x 3 bed apartments was recently submitted but refused due to not having the required lighting provisions in the plans and refuse storage not considered however a new application with the required provisions being addressed may be accepted - The auctioneers cannot guarantee any planning applications will be accepted and any advise given will be subject to obtaining the necessary planning consents from Croydon Borough Council.

Income

3 bed flats in the area are currently achieving around £360,000 - £380,000 with the rental income of approximately £1500-£1800 dependant on size and spec when complete

Property is listed for auction on 1st of October.
The price listed is a guide price for the auction and not the guaranteed sale price.
Some Vendors will accept offers prior to auction however these need to be in excess of the guide price to be considered.

Uneek Homes does not charge any additional fees or commissions other than that of the buyers premium, there are no contract documentation charges, sellers legal costs or hidden charges payable.

To view the Legal pack please click on the link below. For more info on the property please call the office on

Ad ID:
37301308