Renovation or redevelopment opportunity on a substantial 0.75 acre plot, sold at online auction..
Approximately 0.75 acre plot with far-reaching rear views
Detached 3-bedroom bungalow requiring full renovation
Large off-street parking area and storage containers on site
Scope for loft extension subject to planning consent
Potential for demolition and redevelopment (subject to consents)
Sold freehold with vacant possession at online auction
Area flagged very deprived; crime rate above average
No flood risk; excellent mobile and fast broadband
A detached three-bedroom bungalow offered for renovation on an exceptionally large plot of approximately 0.75 acre. The single-storey house currently provides two reception rooms, kitchen and bathroom and sits to the front of an extensive garden and large parking area with storage containers. Far-reaching rear views and excellent mobile and broadband connectivity are practical benefits for modern occupants or renters.
This lot is sold at online auction with vacant possession and freehold title (to be verified by solicitor). The property is marketed to buyers who can manage a renovation or redevelopment: there is scope for loft extension (subject to consents) or, given the plot size, potential to demolish and replace with one or two new houses if planning permission is obtained. The site’s development potential is the principal value driver.
Buyers should note material drawbacks clearly: the bungalow needs full renovation and external areas are overgrown; the immediate area is assessed as very deprived with above-average crime rates. Sale by auction means a shorter completion timetable and limited legal time for queries. Any conversion, extension or redevelopment will require planning and building consents and costs should be factored into purchase budgets.
This opportunity suits an experienced investor, developer or a handy owner-occupier seeking a large plot and long-term value-creation rather than a move-in-ready home. With the right permissions and investment, the sizeable plot and location in Tredegar could deliver significant uplift in value.