Gurnard

£150,000

Guide price

  • Bedrooms: 3
Building Plot with Planning Permission Granted for 3 Bedroom Detached House with Garden and Parking.

Planning Permission

Full Planning Permission has been granted for a two storey house with a GIA of approx 90m2. The full plans can be viewed and downloaded on the council website under reference: 20/00627/FUL

Future Resale Value

Built to a good standard we would estimate a future resale value of £350,000 to £375,000.

Access / Dates

The plot is attached to the neighbouring property which is tenanted and serving out their notice. Potential purchasers may look from outside but not enter the site. A sale can be agreed now and contracts exchanged, with completion set for the end of the tenancy on 01/08/21

NB:

The council requires two contributions to be made, as follows, for which the PURCHASER shall be responsible:

Solent Special Protection Area Mitigation Scheme (SSPA)

Affordable Housing Scheme (AHC)

and the amounts are based on the number of bedrooms (ie three)

SSPA – the amount due is £637.00 and is paid on commencement of the build

AHC - the amount is calculated based on the final value of the property and is paid on the sale/occupation of the dwelling. The formula is given on the weblink and includes a ‘threshold’ of £100k and a tariff of 3%. For example if the property is sold for £350,00 the amount due is 350,000-100,000=250,000 and multiplied by 3% = £7,500

Marketed by Arrange viewing 01983 209020

Lancasters

65 High Street, Cowes, Isle of Wight

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