Land for sale in Martley Road, Lower Broadheath, Worcester WR2

An exciting opportunity to build four substantial bungalows on the outskirts of Worcester City centre...

Description

• With outlined planning permission granted for the construction of four substantial bungalows, each boasting over 1,500 sq. Ft. Of living space, this 2 acre plot offers immense potential.

• Additionally, the existing 4 bedroom dwelling on the property provides further opportunities for redevelopment.

• Notably, no Section 106 obligations apply, making this an even more attractive investment prospect.

• Planning Ref: M/23/00715/out

The existing bungalow
Currently comprising of three double bedrooms, a single room/office, a generously sized kitchen, lounge/diner, bathroom and WC, the property also represents the potential to generate rental income whilst the wider development is completed.

Set well back from the Martley Road and centraly positioned on the site, this large four bedroom 1,539 sq ft bungalow offers further opportunity for redevelopment.

Due to its generous size and proportions, once refurbished the bungalow has the potential to be a significant property within this development.

The potential detached bungalows
The outlined planning permission granted consists of two bungalows at 1,669 sq ft and two at 1,851 sq ft, offering highly desirable spacious layouts.

Each property is accompanied by three parking spaces and detached garages, catering for a diverse range of buyers from families to downsizers.

With outline planning permission granted, no Section 106 obligations applicable and the substantial footprint of the properties, the developer has the opportunity to craft a luxurious high-end development (subject to planning permissions).

Location

Keepings is conveniently located within easy reach of the various amenities St Johns offers. These include a diverse array of shops, eateries, a sports centre, church and the picturesque Cripplegate Park. For residents seeking an active lifestyle, the Rowing Club is just a few minutes’ walk downstream, while numerous scenic walks are easily accessible nearby.

The area benefits from excellent transportation links, with numerous buses connecting directly to Worcester City centre and convenient road networks to Malvern and Hereford. Two train stations are located within the city with links to both Birmingham and London.

Worcester serves as a vibrant shopping destination, offering a wide range of retail outlets to suit all tastes and preferences. The city can also boast excellent educational institutions, with prestigious schools such as King’s School and the Royal Grammar School, both within walking distance of the property.

Services

Given the presence of the dwelling currently on the plot, we understand that all services are located nearby. However, we recommend that prospective purchasers conduct their own due diligence to verify the location and capacity of services for their own scheme proposals.

The site falls under jurisdiction of Malvern Hills District Council, planning reference: M/23/00715/out

Fees

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee levels are as follows:
An agreed offer under £500,000 will be £750 inclusive of vat
an agreed offer between £500,000 and £1,000,000 will be £2,000 inclusive of vat
all agreed offers over £1,000,000 will be £3,000 inclusive of vat

The reservation fee is payable upon acceptance by the vendor of an offer from a buyer and a positive completion of an assessment of the buyer’s financial status and ability to proceed.
Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.