Building plot in Stowell, Sherborne, Somerset. Guide price £300,000.
A 0.52 acre building plot for a new dwelling, and there’s additional land of 1.38 acres for sale for a guide of £45,000 within an easy annual commute of Glastonbury. Or if you’re more of a Thomas Hardy than Billy Bragg fan, then you’ll be pleased to know that this is Hardy country: Sherborne (‘Sherton Abbas’), Yeovil (‘Ivell’) and Cerne Abbas (‘Abbot’s Cernel’) feature amongst the towns in the area.
There’s recent outline planning consent, a train on the London-Waterloo/Exeter line nearby as well as good schools, five star hotel and great pubs. Not to mention the endless delightful villages of the area.
More details here.
Building plot with planning, Goring-on-Thames. Guide £595,000.
If you’ve seen any of Roland Garros this year you should know that it’s as wet over there as it is over here in any case, so take Brexit out of the equation by staying firmly at home and ignoring that Brit itch to buy property in France.
This is a chance to build a new 2,200 sq ft home in beautiful location in a former Oxfordshire Village of the Year. It’s walking distance to the train station, which gets you into Paddington in less than an hour. Planning permission is in place, so there’s a huge head-start on the bureaucracy of things, and you can get straight into the tendering process.
There may be reliefs available on VAT on construction costs for this project, and SDLT should be investigated closely to establish the rate this development property would attract.
More details and agent contacts here.
Six bedroom detached house, Marchwood Crescent, Ealing, London W5. £2,650,000
The front garden to this property is 50 feet wide and 35 feet deep. I could fit my back garden into that about four times over. Storage for the table tennis table is not going to top the first-world problem list for whoever buys here. There should be a Crossrail extension covering the trip to the front door from the front gate.
Once you’ve made that journey, the house is as impressive in terms of proportions and potential, too. It’s a shame most contractors will charge for works on a per-square-foot/metre basis, as this house is 4,464 sq ft; so try to get fixed prices negotiated on the works, or at least volume discounts.
The rear garden’s a satisfying 157 feet of south facing football pitch proportions. There’s off-street parking and Ealing Broadway station is only half a mile away – just beyond the front gate.
Details and floorplan, plus pics here.
One bedroom garden flat, Hammersmith Grove, London W6. £650,000.
With the Chancellor hiking the taxation pressure on property as an investment or income-earner, there’s not much time to act. As a property at the very lower end of the west London pricing chart this is hard to beat: very central, well-located for transportation, locally Hammersmith’s King Street is due for an overhaul and Shepherd’s Bush to the is north already gentrifying at pace (not to mention the further extension of Westfield and BBC development), this is a happening spot.
This location can claim the Brackenbury Village tag, and Brook Green is just around the corner.
It’ll see you right as a rental property, and it would also suit as a reasonably straightforward teeth-cutter for the budding developer with some scope to get your hands dirty on some basic planning permission experience, as well as the development work.
More details and contact the local experts at Horton and Garton here.
4 bedroom apartment, George Street, Marylebone, London W1H. £3,650,000.
Atop this grand mansion block you might have a pretty all-encompassing view, but you wouldn’t have spotted the recent changes to stamp duty (3% on BTL and second homes) on the horizon, nor those of last year which have proven particularly damaging for this price-bracket.
So what’s the angle? Well, as property developers you will be aware that, subject to meeting qualifying criteria, you should not be liable for the additional duty assuming you are developing for resale rather than investment/rental. The advantage in renovating a mansion flat versus a full-scale development involving extensions or a basement is that lenders should look favourably on this. Why? Because the construction risk is so much less, and in a sticky market which is the current state of Prime Central London, prompt financing plus a cosmetic refurbishment is probably a good thing.
Of course, the 3% isn’t a problem if you’re buying to live here, and in that case, lucky you – this apartment is bigger than many a London house!
More pic’s and agent contact details here.
Studio flat, Prince of Wales Drive, London SW11. £550,000.
If you baulk at the idea of the shiny new cookie-cutter made-to-buy-to-let developments along the Nine Elms stretch of south of the river, take a look at the picture of this period mansion flat. Those windows, that floor – the epitome of shabby chic and you haven’t even started working on it yet.
It would make a great little pied-a-terre, it’s just across from Battersea Park (there’s a view, from the balcony) and just over the river from Chelsea, so you can eat out and party hard on the money you’ll be saving being just south of the river, and not splashing out on the Nine Elms uber-developments.
More details and agent contacts here.
Four bedroom semi-detached house, Wavendon Avenue, Chiswick, London W4. £1,599,950 Guide.
If you venture onto this local Chiswick architect’s website and take a peek at the images of the Chiswick side-return project, you’ll be looking at a house on this same street. This might give you some idea of the potential style of an addition that could be achieved at this unmodernised house, which has come onto the market today.
The original features are there, and to maximise the potential a cunning blend of the right planning permission, stylish design, appropriate layout and a proven contractor will get you there. Consider a rear extension, as well as converting the loft and some form of upper extension; there’s also a basement of sorts which would benefit from some small extension but if you’re into big basements then focus on buying a bigger house and don’t wreck this one.
Where could this property end up? In our view you could be looking at the region of 2,200+ sq ft and a price point for the right product of £1,100 per sq ft.
There’s a lot to get right to achieve that. In the first instance you need the property, and this is it.
More details, floor plan and agent contact here.
Plot of four garages, Mylis Close, Sydenham, London £40,000 Guide.
Just off Wells Park Road and near Sydenham Wells Park, this represents a potentially interesting plot if you can get the planning sorted. The agent’s details feature a new build design that you may or may not want to adopt, but it’s a good start. With such a shortage in availability of London bricks, to the extent that the issue is singly responsible for some commentators blaming it for the lack of new-build homes, you may want to go for a rendered finish.
Details and photographs here.
Two bedroom house, Seymour Road, Bath. £400,000 Guide.
We had a photoshoot at a new development last Friday, and depressingly predictably the heavens opened and we took a bath. But we’d rather take a bath on the photoshoot than on the sale, so fingers crossed for a long hot September.
Speaking of baths, this little house in Bath catches the eye: it’s pretty, well-proportioned, walkingly-well-located and an eminently straightforward refurbishment. It’s definitely a possible low-cost shabby-chic cool refurb candidate rather than the bells and whistles expensive route, which is good because it’s, well…cheaper. And the result would look just as good in the photoshoot – whatever the weather.
More pictures, floor plan and agent contact here.
Four bedroom house, Horseshoe Green, Mark Beech, Kent. £630,000.
Ok, just in case you don’t know this area, it’s gorgeous: Hever Castle, Chiddingstone, Poundsbridge, oast houses, village greens, rolling hills and country pubs. And this property is no eye-sore either. It has provenance: as the village bakery it’s seen some history and maintains a rustic charm. The condition is eminently liveable and there’s potential to extend, and it even has countryside views.
There’s an open day so don’t dilly dally, off to rural Kent with you.
More picture and information here.