Main Road, Chillerton, Newport

£300,000

Guide price

  • Bedrooms: 2
BANK COTTAGE Wonderful opportunity to purchase a detached cottage (in need of modernisation) with full planning permission for a replacement dwelling, in all extending to about 0.65 acres.

DESCRIPTION Bank Cottage is a character property set in a secluded, yet accessible location. Full planning permission has recently been granted under reference (19/01285/FUL) for a replacement dwelling which would comprise a three bedroom farmhouse.

The property sits in a wonderful position, on the outskirts of Chillerton Village, with views towards the Downs in all directions. The land to the east may have some further development potential and previously had an agricultural pole barn on the site which has now been removed.

The existing two-bedroom cottage requires significant modernisation and improvement, so the site lends itself perfectly to those looking for a self-build or a development project. The existing dwelling comprises of a large lounge/dining room, kitchen and store rooms, hallway and w/c on the ground floor with two double bedrooms on the first floor.

KITCHEN

LOUNGE/DINER Large lounge/dining room

STORE Ground floor store rooms

WC

BEDROOM Double bedroom

BEDROOM Double bedroom

METHOD OF SALE The property is offered for sale by private treaty.

RIGHTS OF WAY There are no public rights of way crossing the property.

SERVICES The property has mains water, electric and drainage.

TENURE Freehold with vacant possession.

OVERAGE An overage provision will be applied by the vendors at a rate of 35% of uplift in value over a 30-year term triggered by grant of change of use planning permission. This applied to the area hatched in blue on the sale plan. Further details are available from the selling agents.

LOCAL AUTHORITY Isle of Wight Planning Authority 01983 821 000 iwight.com

ACCESS Access will be from the public highway (Main Road, Chillerton). The vendor will grant the purchaser a vehicular right of access to the property hatched in orange on the sale plan.

POSTCODE PO30 3EZ

VIEWINGS By appointment with BCM IOW LLP only 01983 828805

PLANS, AREAS & SCHEDULES These are based on the Ordnance Survey and are for reference only. They have been checked and computed by BCM and the Purchaser(s) shall be deemed to have satisfied themselves as to the description of the property. Any error or misstatement shall not annul a sale or entitle any party to compensation in respect thereof.

PLANNING Full planning permission has recently been granted under reference (19/01285/FUL) for a replacement

dwelling which would comprise a three bedroom farmhouse.

Marketed by Arrange viewing 01983 828800

BCM - Isle Of Wight

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