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Residential development

020 3641 1340

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Residential development

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0 bath

Property description & features

Detached 4-bedroom house for sale
Planning permission for conversion & extension into two houses
New dwellings will measure c. 860sqft
Currently let at a passing rent of £16,200pa
Guide price - £500,000 F/H

An opportunity to purchase a 1,250sqft detached cottage with planning permission to convert and extend into two dwellings. The property is in good condition throughout, let on a single AST at a passing rent of £16,200pa and benefits from a garden area. The property is underlet and could be increased either by re-letting or renting on a room-by-room basis. The planning permission allows for two x 2-bedroom houses each measuring c.860sqft which benefit from an open-plan living room/kitchen, good sized bedrooms and two bathrooms. Each house will come with a car parking space. The re-sales will likely be in the region of £400,000 per unit, and market rent in the region of £1,750pcm per unit.

This opportunity will likely appeal to developers and investors alike.

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Places of interest

Acorn Commercial & Development - Bromley

9 St Marks Road Bromley, Kent BR2 9HG

020 3641 1340

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As one of London and Kent's most successful property companies with 35 years experience and 40 offices, we strive to deliver a service that is unparalleled by our competitors. Our team appreciate that your home is likely to be your most treasured asset. Therefore whether we are selling, letting or assisting in a purchase, our priority is to ensure each client is treated with care and consideration.

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Property reference 31732FH. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Acorn Commercial & Development - Bromley.

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