Castles are delighted to offer for sale this exceptionally rare opportunity to secure a self-build plot in one of the areas finest and most sought after private roads in the desirable hamlet of Felden. The sale of the land is subject to the buyer entering into a construction contract with the principal developer. The build cost is £850,000 which is in addition to the purchase of the land of £850,000. The total investment would be £1,700,000.
The developer will enter into a construction contract upon exchange of contracts and plans to deliver the finished property within 12 months of completion of the purchase of the land. The buyer will be provided with a specification and construction schedule and will be able to choose finishes, kitchens, bathrooms and floor coverings.
The standard specification will include a traditional construction of block and brick, solid concrete floors to the ground and first floor and under floor heating serviced by gas central heating. The garden will be finished to a landscaped specification agreed with the local authority when planning was granted.
The house will share a gated driveway and will be subject to an annual maintenance charge in addition to the charge to maintain Sheethanger Lane, this is currently £115 per annum.
This is a freehold site, the buyer will need to have suitable finance or cash funds for the purchase of the land plus the funds to build the property. The developer is happy to work with a buyer that needs self-build finance for the construction stage . If you require funding options we can facilitate a conversation with a suitably qualified mortgage broker who specialises in this particular area of finance.
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