Land for saleBarrs Wood Road, New Milton
Sold by Us £640,000
An excellent and rare opportunity to acquire an exciting development project situated in one of New Milton's finest roads. The site has full planning permission for a brand new detached bungalow adjacent to the existing bungalow which has a certificate of lawfulness for a side extension creating a spacious three bedroom bungalow. Brand new detached bungalow planning application number 16/10230. Development of existing bungalow application number 16/11161. Brand new detached garage application number 16/11002.
The existing property at number 30 comprises of a 1950's detached bungalow in need of modernisation and refurbishment. Lawful development has been granted for a side extension and planning permission has been granted for the re-siting of the garage creating a spacious three bedroom detached bungalow of approx. 110 sq meters. All plans are available for inspection at our office. The site also has full planning permission for a brand new detached bungalow of approximately 137 sq meters comprising of a spacious living room, a superb kitchen/dining room, two double bedrooms, a bedroom 3/study, a bathroom and an en-suite shower room. Again, full plans are available for inspection.
In our opinion the existing bungalow extended as per the plans with the re-sited brand new garage, would have a value in the region of £525.000.
The brand new bungalow, built as per the plans, would have a value in the region of £600,000.
The vendor has informed us that the community infrastructure levy will be in the region of £11,500 and the charge for the release of the restricted covenant will be approximately £5000.
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