Location: Partridge Lane, Dorking, Surrey, United Kingdom
Development Site set in 0.6 Acres of Countryside
2 x New Builds
GDV: £1,350,000 (Final Sales Value)
Location:
Partridge Cottage has a stunning setting within the countryside and a favourable location of Newdigate which comes under the town of Dorking.
It offers peace and quiet whilst just walking distance are popular eateries; The Surrey Oaks and Ali Raj. People travel from miles around to visit both.
It’s a popular area with Gatwick Airport, Dorking, Reigate, Horsham and Crawley all roughly 15 minutes away by car. It’s also a great catchment area for schools.
We have recent success selling multiple properties in this immediate vicinity and comparable evidence can be supplied on request.
Planning Permission:
Erection of 2 x Detached Residential Dwellings at approx' 1500 Sq Ft (139 m2) each - MO/2018/1371
CIL: Nil (offset with existing square footage)
VAT: Nil (private sale)
Tenure: Freehold
Expected Re-sales:
Each unit should have a re-sale price of £675,000 in the current market as of March 2019.
Higher valuations have been obtained by various agents but we have kept the GDV conservative.
Points of Consideration:
The current design for both units is using timber frame which significantly reduces build costs for multiple reasons.
The site is not served by mains drainage.
Provisions should be made for...
a) Treatment Work/s, or
b) Septic Tank/s.
A prefabricted design has been sourced from SOLO Timber frames and we've attached their Lansdowne Design which we estimate to cost around £180,000 per unit and are mortgage-able.
We are retained by the land owner. Purchase fees do not apply.
Further land available subject to negotiation for additional amenity or garden space.
Agent: James Gordon james@powerbespoke.co.uk
