27 Jan Build your own Grand Design in Surrey
Renovation opportunity arises in prestigious Virginia Water. “A project ripe for a private buyer – not grand enough for the developers in the area” says local Estate Agency – Barton Wyatt.
Just now and again an opportunity arises that should be considered if you are someone with vision and a passion for property. And such an opportunity has just come onto the market in Surrey. Albourne is an individual character chalet bungalow. It is set in a private south facing plot of land that extends over a third of an acre. This potentially offers a buyer excellent scope redesigning or remodelling this chalet.
The property for sale in Surrey currently has great flexibility between the ground and first floors. The first floor has 2 bedrooms, a kitchenette and a bathroom. The grounds floor is ideal for a redesign with a kitchen, downstairs bathroom and 5 further versatile reception rooms.
It is likely that a purchaser with vision would completely re-engineer the fabulous living space offered and remodel to suit the needs of the modern family.
Guy Edwards of Barton Wyatt enthuses: “This house is definitely the property to allow your bricks and mortar dreams to become a reality. This is such an exciting opportunity for someone with foresight and the confidence to put their own stamp on a house.”
When asked what an anticipated value might be for the property after development, Edwards says: “It is always hard to pre guess something like that because there are so many variables involved. Complete renovation could be around £100,000 and the likely re-sale value of the refurbished and improved house could be up to as much as £700,000.
“Of course with imagination and a good architect you would be able to build a superb new house on the site for around £250,000. A new build house, tailored to your requirements and specifications, on this site of approximately 2,000 square feet is likely to have a sales value of up to £800,000.
“One should not forget the costs of living elsewhere whilst work is being done of course!”
Albourne is priced at £429,000. Any development is subject to obtaining all necessary planning permissions. For more information, please contact Barton Wyatt on 01344 843000 for property for sale or property for rent in Surrey.