Fosseway, Clandown, Radstock, Bath, BA3

Offers in excess of £98,000

1 bedroom 1 bedroom 1 bathroom 1 bathroom 1 reception room 1 reception

**DEVELOPMENT OPPORTUNITY, "GET IT CHEAP QUICK BEFORE NEW WALK IN WET ROOM BATHROOM IS FINISHED & BUNGALOW BECOMES MORTGABLE AGAIN & THE ASKING PRICES INCREASES, THE BUNGALOW IMPROVES DAILY SO PRICE WILL INCREASE ACCORDINGLY"....

This one bedroom bungalow is an unfinished development project ideal for a property developer to finish off.

CASH BUYERS ONLY.

This property comprises of an entrance hall, bedroom, kitchen, bathroom, lounge and (unfinished) basement storage & laundry room.

This property benefits from gas central heating, electric, and water and drainage systems connected to the mains.

The bathroom is in project status having had its drainage re plumbed (to basement level) & shower tray inset into the floor to provide scope for a walk in wet room style bathroom.

Basement is dug out to 1.5m depth in the middle & 1m depth surrounding the external walls so that the basement is at the same level as the outside ground level (as per building control advice) . Basement can be dug out further & concreted either to provide finished 1.5m height (to equal the basements in other properties in vicinity), or dug out further to provide 2.5m finished height making basement level flat (or just additional rooms) possible. Basement would need to be underpinned as part of concreting process.

The driveway garden has mostly been removed & needs finishing to enable 2 vehicles to drive in straight off the council road onto the new driveway & park. There is potential to build a carport or a garage on the former garden area (subject to planning).

The roof joists have been upgraded to provide scope for an open plan Mezzanine floor level & Velux roof windows to make the property open plan & modern with more natural light.
The basement project provides scope to install a basement divide wall down the centre to separate the existing building into 2 flats (North side flat 7A & Southside flat 7B). Council have given consent for an additional entry door into the existing lounge (direct from the western driveway), and this new door could be the entrance door to 7B North side flat.

Because converting the garden to a driveway and creating the basement and western access door are permitted development, once driveway, basement, & western access door are completed the 2 flat split could be achieved (subject to planning) WITHOUT making any NEW changes to the exterior of the property (hence planning permission maybe easier to achieve). This is because the fundamental works required for the split are permitted development. All works that would need to be done for the split would be internal".
The side garden could also be extended to provide extra rooms so each flat could have bigger floor space or the existing 1 bedroom bungalow could be converted to 2 or 3 bedrooms or a large conservatory style porch.

With each flat potentially having its own basement laundry and basement storage areas, its own loft with mezzanine bedroom level..... each flat could be spacious and quirky with innovative use of all available basement and loft space plus its own private driveway. Southside (7B) flat would have the benefit of its own private side garden.
Each flat could therefore be freehold houses as each flat/house would own the freehold land it occupies.

The property therefore is a great investment with many opportunities to extend or convert into flats. The difficult removal of the basement earth has mostly been achieved (with guidance from building control), the profitable works are set for new owner to develop (subject to planning).

The least any new owner will get from this property is a 1 bedroom bungalow with a double driveway & a basement storage/laundry room hence this is a bargain price for the potential the property holds.

Owner will conduct the viewings and can explain in more detail the flat conversion project potential.

*PLEASE NOTE* All the above advertisement is Subject to Planning Permission 'STPP' *

EPC rating: D.

Floor plans

EPC

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Key Features

  • CASH BUYERS
  • Project
  • One Bedroom
  • Close to Local Amenities
  • Parking

Call Warminster office 01985 220290 8 Market Place Warminster Wilthshire BA12 9AN

Arrange a viewing for the above property

Registered Office: Northwood (West Wiltshire) Ltd, 8 Market Place, Warminster, Wiltshire, BA12 9AN - 5183359. VAT Registration Number: 850381339
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