ONE consideration that is important when buying a property is how much work you are wanting or willing to do writes Daisy Smith
ONE consideration that is important when buying a property is how much work you are wanting or willing to do writes Daisy Smith.
Whether you are looking for a large project as a business opportunity, have been inspired to develop a small property as an investment, or are looking for a home but are willing to put some work in to make it how you would like it to be, half the battle with any building project is planning permission.
But once this is attained, then work can begin and your plans can be realised.
There are currently some interesting opportunities available with planning permission already in place.
For a serious investment/residential opportunity, look no further than a 0.2 acre island on the River Thames.
The site is located within the suburb of Caversham and is currently used as a bar and restaurant but plans have been commissioned to redevelop the existing premises to four apartments laid out as two on the ground floor, with two above in a penthouse apartment-style spread over floors one and two. This island is on the market through Savills for offers in excess of £2,000,000. If a new development is not your style, perhaps a property with permission to extend would suit.
High Street House in Watlington is a Grade II* listed Georgian Townhouse of more than 5,500 square feet but has permission to extend in place. The property, believed to date back to the early 1700s, provides family accommodation over three floors.
The kitchen and adjoining breakfast room work well together but there is planning permission to extend the house at the rear to provide a bigger kitchen/breakfast room arrangement.
The property is laid out over three floors with between six and eight bedrooms, two bathrooms and a shower room en suite on the first and second floors.
The ground floor holds the principal reception room with panelled walls, fireplaces and high ceilings. There is a double garage and ample parking, a courtyard area and mature gardens as well as a cellar for wine enthusiasts. The property is for sale through Knight Frank and is on the market at £1,690,000.
• Romans is holding its final auction of the year on December 9 at 1.30pm at the Green Park Conference Centre in Reading.
Lots include building plots with planning permission, properties in need of extensive repair, renovations or modernisation and those suitable for immediate occupation or buy-to-let.