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1 Fox Lane, Winchester, Hampshire... Land for sale

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1 Fox Lane, Winchester, Hampshire... Land for sale

1 Fox Lane, Winchester, Hampshire, SO22 4DX
£275,000

Our Summary

  • Building Plot For Sale by Auction - Includes a Two Bedroom House with Large Garden with Full Planning Permission for Two Additional Houses - Freehold & Vacant possessionGuide Price £275,000 to £325,000 * Buyers Premium AppliesFor sale by public auction
  • unconditional online auction
  • Town & Country Property Auctions are delighted to offer For Sale by Public Auction this two bedroom end of terrace home that features planning permission for two (x2) two bedroom homes beside it on a very generous building plot
  • The current two bedroom property offers easy conversion to a three bed (STP) although the current owner feels it would come under permitted development
  • Planning Permission has been granted by Winchester City Council under reference: 23/01527/FUL, dated 26th February 2024 for erection of two, two-bedroom, two storey houses, attached to 1 Fox Lane, following demolition of single storey side wing to 1 Fox Lane, subject to conditions
  • The property will be entered into our 30th April 2025 auction which is held online and starts at 10am
  • Development For Sale with Planning Permission
  • Planning for Two Further Houses
  • Please contact Town & Country Property Auctions[use Contact Agent Button] for more information and to register for the auction
  • The auction will be held online, and registration is now open
  • The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated)
  • Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date
  • All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
  • To make a pre-auction offer we will require two forms of ID,
  • Building Plot For Sale by Auction
  • Full Planning Consent
  • Includes a Two Bedroom House Plus Planning for Two Further Houses

Description

This property is a two-bedroom end of terrace house with a large garden, which comes with full planning permission to build two additional two-bedroom houses beside it. The current property can be converted into a three-bedroom home, subject to permitted development. The planning permission was granted by Winchester City Council in February 2024, and the property is being sold with vacant possession. The guide price for the property is £275,000 to £325,000, and the buyer will need to pay a 5% deposit and a 5%+VAT buyers premium. The property is being sold through an unconditional online auction, and interested buyers can register to bid and download the legal pack. The property has the potential to generate a strong rental income, and the development has a GDV of £1 million to £1.2 million, depending on the finish and final layout.