Pavilion Bungalow, Hook Lane, Bognor Regis, West Sussex, PO22 8AT

Property Details: - Type: Bungalow - Bedrooms: 3 - Bathrooms: 1

Agent: Town & Country Property Auctions - Bournemouth Phone: 01295 977147

FREEHOLD THREE-BEDROOM BUNGALOW WITH RENTAL INCOME AND FURTHER DEVELOPMENT POTENTIAL<b>Guide Price £250,000 to £300,000*Buyers Premium Applies</b><br/><br/>For sale by online auction. To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website <a target="_blank" href="https://what3words.com/tcpa.co.uk">tcpa.co.uk</a> <br/><br/>FREEHOLD THREE-BEDROOM BUNGALOW WITH RENTAL INCOME AND FURTHER DEVELOPMENT POTENTIAL<br/><br/>Town & Country Property Auctions are delighted to offer for sale by auction this freehold detached three-bedroom bungalow situated in a residential position on Hook Lane, Bognor Regis, close to Felpham and South Bersted.<br/><br/>The property provides an opportunity for refurbishment and improvement and benefits from a generous plot with off-road parking and outside space.<br/><br/>The bungalow is currently let and produces a rental income of £1,650 per month (£19,800 per annum), providing an immediate income stream for the new owner.<br/><br/>The accommodation comprises Entrance Hall, Living Room, Kitchen, Two Double Bedrooms, One Single Bedroom and Bathroom.<br/><br/>Externally, the property benefits from a large rear garden, while to the front there is off-road parking.<br/><br/>Prior Approval has been granted by Arun District Council under Schedule 2, Part 1, Class AA for the erection of an additional floor over the original dwelling house, providing the opportunity to increase the accommodation and add further value, subject to the approved scheme and all relevant planning and building regulation requirements. Planning Application Number: BR/163/23/PD.<br/><br/>The property therefore offers an attractive combination of existing rental income and future development potential, making it suitable for landlords, investors and developers alike.<br/><br/>COMBINED DEVELOPMENT OPPORTUNITY<br/><br/>The same vendor is also offering the adjoining Pavilion Nursery development site and a separate parcel of adjoining land as individual lots within this auction.<br/><br/>The Pavilion Nursery now benefits from Outline Planning Permission, granted on appeal, for up to 8 three-bedroom houses. The consented scheme occupies the adjoining development site and provides an established residential development opportunity.<br/><br/>A purchaser of the bungalow therefore has the opportunity to acquire the adjoining lots and assemble the wider holding. The combined ownership may provide an opportunity to investigate a new comprehensive planning scheme across the enlarged site, potentially creating greater development potential than the individual lots considered separately, subject to obtaining all necessary planning consents.<br/><br/>This makes the bungalow an interesting opportunity in its own right, with £19,800 per annum current rental income, while also offering the potential to form part of a much larger development opportunity.<br/><br/>The property will be entered into our 28th October 2026 auction which is held online and starts at 10am. You must register to bid and download the legal pack. <br/> <br/>PROPERTY FEATURES <br/>. Development Potential<br/>. Off Road Parking <br/>. Large Rear Garden<br/>. Council Tax band: D<br/>. Freehold<br/>. Market Value: £425,000<br/>. Rental Value Per Month: £1,650<br/>. 28 Day Completion<br/>. Planning Ref: BR/163/23/PD (Arun District Council)<br/>. Spacious Living Room<br/>. Investment Opportunity<br/><br/>VIEWING ARRANGEMENTS <br/>We will be holding viewing slots, please call us on[use Contact Agent Button]. <br/>The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open. <br/><br/><b>UNCONDITIONAL LOT</b> Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) and a 5%+VAT (subject to a minimum of £12,500+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).<br/><br/><b>Pre Auction Offers Are Considered</b>The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.<br/><br/>Special Conditions<br/>Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.