£560,000 /Sale price

With beautiful far reaching views over the Vale, this 3/4 bedroom Unity bungalow is offered chain free to cash buyers, and sits on a large corner plot at the end of a small cul-de-sac. The property is sold with planning permission submitted (PL/22/1578/FA) to demolish the existing property and build three, 3 bedroom houses plus a study on the first floor and 2 designated parking bays.The property features a very large wrap-around garden to 3 sides, with private driveway parking for up to 5 vehicles, and versatile accommodation exceeding 1,000 sq.ft with a fantastic triple aspect rear lounge overlooking the garden. Located 0.6miles from Chesham town centre, the property is a short walk from the many independent and chain shops and restaurants that populate Chesham’s high street, including London Underground’s Metropolitan Line station providing convenient and direct access into Baker Street. The property is also in the catchment area for a number of the countries top performing schools such as Chesham Grammar School and Dr Challoner’s Grammar School.The vendor has submitted two pre-planning advice applications to Buckinghamshire Council prior to submission of full planning permission. These are both available upon request. In each pre-planning feedback, the Council confirm, in writing, that they support the redevelopment of the site to accommodate a greater number of units and note policy support for the efficient use of brownfield land. Correspondence from the Council also confirms the proposal submitted to demolish and build 3 houses is acceptable.All necessary reports and surveys have been commissioned and submitted, including SUDS/drainage, Ecology, Bats, Bio-Diversity Net Gain etc. There is nothing further required for the planning application to be approved. Currently, Buckinghamshire Council are unable to approve any new construction in Chesham & Amersham due to the Beechwoods SAC moratorium which came into effect in March 2022. Planning applications have been rejected in this time but the Council have been unable to approve applications.Work is very well advanced and the moratorium on development is due to be lifted shortly. In July 2024, Buckinghamshire Council Cabinet approved a full mitigation strategy, part of which requires developers to make a financial contribution of £87.93 per dwelling. Before the moratorium can be lifted, a Suitable Alternative Natural Green Space (SANG) is needed, and four different SANG planning applications have been submitted by the Council. Many of these SANG applications are in their final stages and due to be decided soon. Please search the term ‘SANG’ on Buckinghamshire Council’s Planning Portal to find each application.Each of the three proposed units are valued at between £525,000 - £550,000, giving a Gross Development Value of £1.57million - £1.65million. Based on a 35% value of the GDV for the land, this equates to a valuation of between £550,000 - £577,000 for the site.In summary, this property provides a unique opportunity for cash buyers looking to purchase a beautiful family home, buy-to-let and/or development site. The property would achieve over £1,850 per month on the private rental market.EPC Rating: E