Ilfracombe, England EX34

Why this is a development opportunity, not just a house saleThe asking price reflects the combined value of the existing dwelling and the consented development land to the rear. Purchasers should therefore consider the opportunity as a refurbishment and development project rather than a standard residential house purchase.Residential Development Opportunity Existing Detached House Plus Outline Consent for Three Further Detached DwellingsAn excellent opportunity to acquire a substantial residential development site extending, in total, to approximately one acre, situated in one of Ilfracombes desirable established residential locations close to Bicclescombe Park.The property currently comprises an existing detached four-bedroom reverse-level residence occupying part of the site. The house is now in need of modernisation and refurbishment, but offers generous accommodation, driveway parking, garaging, a private balcony and useful ancillary outbuildings. For the right purchaser, the existing dwelling provides an opportunity to improve, refurbish and potentially reposition the home as part of a wider development project.The principal value of the sale, however, lies in the land to the rear, which benefits from outline planning permission for the erection of three detached dwellings. Each of the proposed new homes is understood to be approximately 180200 sq m, creating the potential for a high-quality small development in an elevated residential setting.Taken as a whole, the site offers the potential for a four-property project: the refurbishment of the existing detached house together with the construction of three new detached homes within the grounds. This makes the opportunity particularly suitable for developers, builders, investors, self-build purchasers or those seeking a manageable residential scheme in a proven North Devon location.The site is positioned close to Bicclescombe Park, a popular local amenity with parkland, tennis courts, childrens play areas, a boating lake and café. Ilfracombe town centre, the harbour, seafront, schools and local facilities are also within convenient reach, while the wider North Devon coastline, including Woolacombe and the surrounding beaches, is easily accessible.Planning permission was granted in outline for three detached dwellings under North Devon Council planning application 74198, with all matters reserved. A subsequent discharge of condition approval relating to the adoptable shared surface link road was granted under application 77830. The Section 106 contribution is understood to have already been paid by the current owner, which should provide a useful advantage to an incoming purchaser.The existing house is freehold and currently benefits from gas-fired central heating, mains electricity and mains water, together with the additional benefit of a private borehole. The property is currently assessed as Council Tax Band C.Opportunities of this nature are rarely available in this location: a sizeable site, an existing dwelling with refurbishment potential, and outline consent for three further detached homes. Interested parties are advised to make early enquiries and satisfy themselves fully in respect of planning, services, access, build costs, resale values and all technical matters prior to purchase.Show full description