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Auction Lot: Renovation-Ready 3-Bedroom Cottage plus Development Land

Newton Abbot, Devon, TQ13 8LT

Asking Price £275,000
Tenure Freehold

Description

Freehold

Location & Situation

14 Lime Street is a traditional three-bedroom semi-detached cottage arranged over two floors, extending to approximately 947 sq ft (EPC). The property is now in need of comprehensive modernisation and improvement, offering purchasers the chance to refurbish and add value to a character home in a prime National Park setting. In addition to the existing dwelling, the sale includes a substantial adjoining garden/land parcel, which has been subject to pre-application planning discussions for further residential development. The combination of an existing dwelling and development land makes this a highly versatile acquisition, suitable for a range of strategies, including: - Renovation and resale - Long-term investment - Multi-generational living - Self-build alongside refurbishment - Development and profit realisation Planning & Development Potential: Pre-application advice has been sought from Dartmoor National Park Authority in relation to development of the adjoining land. Key highlights include: The site lies within the settlement boundary of Moretonhampstead, where residential development is supported in principle Planning officers have indicated that a single additional dwelling is likely to be the most appropriate form of development The proposal aligns with policies supporting small-scale housing delivery within local centres There is policy support for well-designed, sustainable homes that meet local housing needs Whilst detailed matters such as design, scale, materials and housing provision will need to be addressed at application stage, the feedback provides a positive and constructive foundation for bringing forward a scheme. Importantly, the presence of the existing dwelling enhances the overall proposition, offering immediate value alongside longer-term development potential.

Details

Property Type
Investment

CharlesDarrow

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