Wardown Crescent,Luton,LU2 7JT
Guide Price £500,000
8000 sq. ft. close to Old Bedford Road. Take out an OPTION AGREEMENT to secure planning permission before committing to the purchase. Also includes the OPTION TO BUY THE HOUSE AND GARDEN. Room for 3 houses, with likely value of between £500,00 & £700,000 in today's market.
- Approximately 7800 Square Foot
- Potential for 3 or 4 houses
- Option Agreement
- Prestigious Location near Old Bedford Road
- Option to Purchase Adjoining Property
- Great Views
- Popular Area for Commuters
- International London Airport, Direct Train Line to Central London
- Two M1 Junctions & Close to M25
- Close to Beautiful Countryside
This is a great opportunity to undertake an Option Agreement for a good-sized plot, with plans drawn for three 3/4 bedroom houses with parking. We believe the plot to be just shy of 8000 square feet. In the current market we would expect each newly built house to achieve between £500,000 and £700,000, depending on exact specifications.
The Option Agreement will allow you to seek planning permission before buying the land, of which you are then able to purchase once you are satisfied that permission is, or will be, approved. The agreement will be subject to an agreed time period with the Vendor, and the final sale may include an Overage Clause related to the sale value of the property built on the land.
This prospective sale can also include the adjoining house and garden, which is currently part of the same parcel. The house is valued at £400,000, but a discount can be applied when buying both the land and house/garden together. The house/garden is not for sale on it's own.
**please note - One of the pictures shows an architect plan for 4 houses on the land. It has subsequently been revised to 3 houses, due to some of the spacial constraints.**