Development opportunity for sale - Existing 4 bed detached house with planning for additional 4 bedroom detached dwelling with parking to the side

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  Description
  Existing 4-bedroom detached house extending to approximately 1,835sq ft, with a detached garage of approximately 541sq ft, benefiting from planning permission for the demolition of the existing garage and the construction of an additional 4-bedroom detached house 1,264sq ft with parking.
  
  The existing property is currently let on an Assured Shorthold Tenancy, generating an income of £3,000pcm.

  Location
  194 Silverleigh Road is situated in a well-established residential area of Thornton Heath within the London Borough of Croydon. The property benefits from excellent access to local shops, schools and everyday amenities, with Thornton Heath Station located approximately 1.5 miles away, providing regular rail services to Central London.

  Planning
  Full planning permission granted for the demolition of existing garage, erection of detached four-bedroom dwelling and provision of associated parking, cycle and refuse storage
  
  Planning Reference: 24/00673/FUL

  CIL
  The CIL liability for the development is £10,968.48 (£1,385.28 Mayoral CIL and £9,583.20 Croydon CIL).
  Relief (full or partial) available if the development is used for social housing, subject to meeting the relevant eligibility criteria.

  Terms
  Guide Price : £700,000