We are instructed to discreetly offer the above site which benefits from planning for 4 x 3 bed houses which may be of interest to you.
The site is in a favoured part of Folkestone, close to the seafront and shopping facilities.
The guide price is £350-£400k which provides a very good return.
The development address is 1-4 Cherry tree Mews Muddles passage however a post code has not yet been issued but will fall within the CT20 area code.
|Property description||Square footage||Price from||Link to website|
|3 bed terraced house CT20||–||£274,995.00||http://www.rightmove.co.uk/new-homes-for-sale/property-42315849.html|
|3 bed end of terrace house CT20||–||£269,995.00||http://www.rightmove.co.uk/new-homes-for-sale/property-42315849.html|
|3 bed end terrace house CT19||–||£352,995.00||http://www.rightmove.co.uk/new-homes-for-sale/property-44171970.html|
|3 bed terraced house CT19||1,163 sq ft||£292,995.00||http://www.rightmove.co.uk/new-homes-for-sale/property-61498289.html|
|3 bed semi-detached house CT19||1,332 sq ft||£265,000.00||http://www.rightmove.co.uk/new-homes-for-sale/property-53274250.html|
The identified properties within the above table are within close proximity to the proposed Cherry Tree Mews development, sharing similar features to the proposed development and similarly some being new build. Based upon these findings and correspondence with local estate agents it is assumed that the properties will achieve a market value will be from £275,000.00 for the two terraced cottages and £285,000.00 for the two end of terrace properties.
Please note that the successful purchaser of this site will be responsible for our fees at a rate of 2% plus VAT of the eventual purchase price payable on completion of the transaction.
In addition, should the site be sold on to a third party, SJD will be retained at the same rate of 2% plus VAT.
All subsequent new homes sales will be sold through one of our associated oﬃces.