Elizabeth Road, Stokenchurch £375,000

******LAND WITH PLANNING PERMISSION******

Hurst are pleased to offer to market this exciting opportunity to purchase this plot of land that has permission to build two, three bedroom semi-detached houses with GIA 96.58sqm/1040sqft, see link attached. The 2x semi-detached properties we'd expect to have a GDV in excess of £1,000,000.

Presently, the site has a dilapidated, timber frame semi-detached house that will need to be removed, and the party wall made good as part of the construction process. The location is perfect as it lends itself to those that are coming out of London and looking for a rural location whilst still having the ability to commute with Junction 5 of the M40 in very close proximity, making the resales extremely saleable.

The confirmed CIL liability is £43,946.

Development potential still exists, as the planning application was merely about getting approval. There’s clear scope to enhance the scheme, particularly through permitted development (up to 25 sq m) to create a 4th bedroom in the loft.