DETACHED 2 BEDROOM BUNGALOW REQUIRING REFURBISHMENT SET IN A LOVELY PLOT IN THIS PRIME LOCATION WITH A SOUTH FACING GARDEN AND GANNEL VIEWS
This original detached bungalow is one of only a few remaining un-developed properties on this popular quiet residential road overlooking the River Gannel. The majority of the similar bungalows on this road have been purchased and significantly extended and modernised into contemporary modern family homes offering spacious homes on two storeys with South facing private gardens and River views
The property is approached via a driveway for parking alongside a front garden that leads to an attached single garage with access down the side leading to the rear garden. The two bedroom bungalow is largely original and requires refurbishment but lends itself to significant extension and development, be it single storey into the rear garden or by adding a storey and going up a level and over the garage to take full advantage of the lovely views.
The rear garden is entirely bordered by large mature hedging and trees, providing absolute privacy with a gently sloping South facing lawn and potential for elevated patios/decking overlooking the garden.
10 Chichester crescent represents an increasingly rare opportunity to buy an original property in a superb older style plot with a view to creating a bespoke family home overlooking the river and close to Town.
Freehold
All mains
Band C
The property is held subject to a solar panel roof lease that runs for 25 Years from the 12th December 2011. This lease ends on the 12th December 2036. The property does not currently benefit from a Feed in Tariff, but does benefit from subsidised electricity consumption in the bungalow for the remainder of the lease, at no cost to the owner. The remainder of the lease can be terminated (bought out) for the sum of £30,331.66 inc VAT. The subsequent owner would then take advantage of the following FIT rates. FiT generation rate of £0.769p per kWh. FiT export rate of £0.0542p per kWh. These rates are regulated by OFGEM and increase on 1 April each year in line with the Consumer Price Index (CPI). Paperwork and further details are available on request.
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