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Guide Price: £500,000.00

Traditional Auction

Stable Mews, Penstowe Park , Kilkhampton , Bude , EX23 9QY

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CURRENT BID*

£490,000.00

(Place a bid)

AUCTION CLOSED

Lot Number: 62778657

Property ID: 23035555

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £490,500.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

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Guide Price

£500,000.00

Method of Auction

Traditional

Property Type

Land

Number Of Beds

5+

Tenure

Freehold Property

Address

Stable Mews, Penstowe Park

Key Features


• Freehold Development Opportunity
• Partially Started Development
• 2 Luxury Detached Houses, 2 Cottage Style Houses & 3 Town Houses
• Much Of Groundworks Completed
• Break Up And Resale Potential
• Gated Location In Rural Setting
• Close To North Cornish Coast
• Buyers Fee Applies
• Pre Auction Offers Considered
• Auction Pack Available On Request

Description

The Opportunity - FREEHOLD DEVELOPMENT IN NEED OF COMPLETION

A freehold SALE of a PARTIALLY COMPLETED DEVELOPMENT presenting great return on investment opportunity. This offers the exciting prospect to complete this luxurious development in a sought-after location near Bude and the North Cornish Coast.

The Stable Mews enjoys two parts, one being the charming Mews courtyard which will have a development of 2 and 3 bedroom properties and part two, "The Paddock" accessed through the mews, opening out to a select community of 4 luxury (Two sold) detached private residences.

A freehold partially completed development comprising seven luxury properties comprising; two detached 4 bedroom house, two detached cottage style house and a large stone Mews building for conversion to three town houses, sold with vacant possession.

The properties will enjoy off road parking, spacious sizes and the houses with lawned gardens. All properties will be fully double glazed and benefit air source underfloor central heating.

High demand is expected due to the superb location and the wide market appeal both as main residences or second homes.

PLANNING INFORMATION

Application No: PA18/01359

Application No: PA19/02816
Planned specifications available on request, although we assume there would also be considerations given to new specs.

1/ Detached four-bedroom house with plans drawn as:

Reception Hall & WC Cloakroom
Open plan Kitchen diner with sliding doors to garden x 2
Lounge with French sliding doors to garden
First floor
4 Bedrooms with one being en-suite
Family Bathroom
All services on site to this plot
Current end value £440K (Based on recently sold)

2/ Detached four-bedroom house with plans drawn as:

Reception Hall & WC Cloakroom
Open plan Kitchen diner with sliding doors to garden x 2
Lounge with French sliding doors to garden
First floor
4 Bedrooms with one being en-suite
Family Bathroom
The base is laid and all services are on site to this plot
Current end value £440K (Based on recently sold)

3/ Town House with plans drawn as:

Living Room
Kitchen Dining Room
Bathroom
Three double bedroom with one being en-suite
Current end value £325K (Based on local comparable and previous sales)

4/ Town House with plans drawn as:

Open Plan Kitchen Living Room
Bathroom
Two double bedrooms
Current end value £265K (Based on local comparable and previous sales)

5/ Town House with plans drawn as:

Large Living Dining Room
Kitchen on first floor
Bathroom
Two double bedrooms
Current end value £265K (Based on local comparable and previous sales)

6/ Detached Cottage style Single storey House with plans drawn as

Open plan kitchen living Room
Shower Room
Two double bedrooms
Current end value £225K (Based on local comparable and previous sales)

7/ Detached Cottage style House with plans drawn as

Open plan kitchen living Room
Bathroom
Two double bedrooms with Jack & Jill en-suite
Current end value £245K (Based on local comparable and previous sales)

NB: Current end values given as guide prices

Virtual Tour: https://www.youtube.com/watch?v=XE88Mxj9dN8

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: EX23 9QY

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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