Property for sale in Radstock Way, Merstham, Redhill RH1
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Property features
- Rare building opportnity
- Plans already approved to build A 4 bed end of terraced house to the side of existing
- Current house is rented on AST producing A monthly income of £1500
- Off road parking can be provided for both properties within the existing permission
- Further information and plans available on request.
Property description
'fantastic building opportunity' 'Planning permission has been approved to build an additional 4 bedroom end of terrace house to the side of the existing property. We are very pleased to offer for sale an 3 bedroom family home with a large plot to the side which has full planning permission to build an additional 4 Bedroom end terrace house the side of the property.
The current property is let out on an Assured Shorthold Tenancy agreement to tenants that are fully aware that building works will commence to the side at some point. The tenancy commenced in July 22 and the tenants are currently paying £1500pcm ( equating to £18,000 annually). Within the tenancy agreement it has been agreed that this rent will reduce by 25% per month once the building works commence. Whether this property is retained as a rental or sold once the project is complete the benefit is that it is producing an income in the meantime.
Once the building work is completed the existing property will become a mid terraced property with the permission including the provision to provide off street parking for this property as well as providing parking for the new property.
The existing house provides good sized family accommodation with a large living room opening up onto an additional conservatory, a modern well equipped kitchen, modern family bathroom and 3 good sized bedrooms. The property will lose its downstairs cloakroom but will still retain a decent sized garden.
The New Build property has plans approved to provide a large Kitchen Family room to the rear with separate Lounge to the front and a downstairs cloakroom on the ground floor. On the first floor there are 3 bedrooms with two being doubles and one benefitting from en-suite shower room, with the family bathroom also located on this floor and then on the second floor a further double bedroom and en-suite are also provided.
Any additional information and plans can be provided on request.
Council tax for existing property is band C
Freehold
Photos are for guidance purposes only and internal shots are from previous occupier.
Property info
For more information about this property, please contact
Valley Homes, CR5 on +44 20 8115 8776 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Valley Homes, and do not constitute property particulars. Please contact Valley Homes for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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