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Feldale Place, Whittlesey... 2 bed maisonette for sale
Feldale Place, Whittlesey, Peterborough, Cambridgeshire
£150,000
Feldale Place, Whittlesey, Peterborough, Cambridgeshire
£150,000
Our Summary
- The planning permission has lapsed but that shouldn’t put off developers looking for a project with immediate rent & future profit potential
- It’s big enough to build on and there has been planning permission in place for two new 1 bedroom maisonettes
- 2 bed maisonette with a side plot with development potential
- Previous planning permission to build two 1 bed maisonettes
Description
This 2-bedroom maisonette in Whittlesey is a solid investment opportunity for developers and investors alike. The property itself is in good condition, with a spacious lounge, fitted kitchen, and two bedrooms, including a double and single bedroom, as well as a part-tiled bathroom with a shower over the bath. It's a leasehold property with 79 years remaining on the original 99-year lease and a monthly management fee/ground rent of £30. The property is located just a 5-minute drive or 2-minute walk from the town center, with its shops, cafes, and pubs. The real value, however, lies in the land at the side of the property, which has planning permission (although it has expired) for the construction of two additional 1-bedroom maisonettes. This presents a unique opportunity for developers to submit a new application and capitalize on the potential for future profits.