This property is a fully renovated home with 3 double bedrooms, 1 family bathroom, a single large reception room, kitchen and a new downstairs WC under the stairs. A timber deck from the rear patio doors out into the garden now laid entirely to lawn. The house had suffered from historic subsidence and had been underpinned, however there was no warranty offered as part of the purchase. There were clear signs of movement inside the original house. Trial pits were dug and a report was drawn up by structural engineers: the conclusion was that whilst the external elevation had been underpinned, the internal walls had not. As a result, the engineered solution was to remove all the internal walls, install steel RSJ goal frames that bear onto the underpinned walls, then lay a new insulated floor slab and reconfigure the entire space. The current rental income is £2,350 pcm.

Furthermore, there is now a planning application for a new end of terrace 3 bed house, making the current 3-bed house a terrace. Reference 23/1063/FUL

There was also a separate planning approval for the relocation of the door and windows – and also for a single storey extension across part of the rear elevation: the extension was not built but other works were concluded. Reference 22/1211/HSE.

The client is also in the process of getting Building Control cert for the works carried out to date. If that is not concluded prior to sale they would look to secure an indemnity insurance policy for that too.

Existing (as is) £600,000 – currently 1055 sq ft (£569 per sq ft) but would be worth circa £575,000 once turned into a terrace.
New Dwelling £625,000 – 1012 sq ft (£618 per sq ft)

View payable Stamp Duty for this property