A building plot with FULL PLANNING GRANTED (20/00075/FUL) to demolish an existing dwelling and create 2x LARGE FOUR BEDROOM DETACHED FAMILY HOMES in a City Centre location - within a short walk to Chelmsford's mainline station and highly regarded schooling! The proposed plans allow for a STYLISH/CONTEMPORARY DESIGN with an impressive 1800sq ft of accommodation and an expected GDV in excess of £1.7m!

Hamilton Piers of Chelmsford are pleased to bring to market this one-off building plot with full planning permission granted, located to the immediate edge of Chelmsford's City Centre - within a short walk to the mainline station (which serves London's Stratford & Liverpool Street within as little as 30 mins!) and very highly regarded schooling - including Chelmsford's grammar schools. The plot is also within easy access of Broomfield Hospital, Stansted Airport and the A12, M25 and M11.

The plot currently consists of a detached dwelling with 1618sq ft of accommodation, a generous garden and ample driveway parking.
The proposed plans allow for the demolition of this dwelling, to create 2x detached homes. Planning reference number via Chelmsford City Council planning website = 20/00075/FUL.

The homes have been planned in an executive/contemporary design to offer spacious and light accommodation over two floors with approximately 1800sq ft of accommodation. The accommodation is proposed to include an entrance hall & cloakroom/wc, spacious lounge to the front aspect, a LARGE OPEN-PLAN FAMILY ROOM / KITCHEN DINER with full-width glass folding doors overlooking the gardens, a utility room, and FOUR GENEROUSLY-SIZED BEDROOMS - with the slightly larger unit offering TWO EN SUITES! Externally each plot would have ample private driveway parking to the front and a well screened private garden to the rear.

In the agent's opinion this site offers a developer a very reasonable potential profit margin; with a Gross Domestic Value (for the resale of both units) of around £1,725,000, possibly slightly more, with the larger unit realistically looking to achieve £875,000 and the other £850,000.

We have also been advised there is a CIL tax liability of £27498.87 (which has already been reflected in the marketing price).

Please note: there was also PREVIOUS PLANNING PASSED for a completely different scheme (for demolition of the existing two storey building and construction of a new two storey building comprising 3 x two bedroom apartments and 1 x one bedroom apartment; timber sheds incorporating cycle space; refuse enclosures in rear garden; Front forecourt for 4 cars and planting). Planning ref for that scheme is 17/00351/FUL.

Furthermore, the existing dwelling is currently let on a single Assured Shorthand Tenancy Agreement (AST) to students at £27600 per annum, they have been there for 14 months and are now on a 1 month rolling term - so our seller has advised us the property can be sold vacant or with tenants in situ should the developer not be looking to commence the project immediately.

For further information or to arrange a visit of the site please contact the sole agents, Hamilton Piers (Chelmsford branch).