Southborough Close, Surbiton, KT6

Property Details: - Type: Plot - Bedrooms: 6 - Bathrooms: 5

Agent: Hamptons - Kingston and Surbiton Phone: 020 8033 1007

A unique opportunity to acquire a prime parcel of land with full planning permission for an impressive six-bedroom family home. <br/> <br/>The current architect owners are retaining the adjoining plot to develop their own home in conjunction with this plot. This will allow a self builder to work alongside a very experienced residential architect and construction team, mitigating the challenge of this type of project. <br/> <br/>The selling agent advises that No. 8 is expected to achieve a value in the region of £2,650,000 – £2,750,000 upon completion. <br/>•Plot price: £1,250,000 <br/>•SDLT on land: £65,000 <br/>•Indicative build cost: £1,100,000 <br/>•Total project cost: £2,415,000 <br/>Based on the midpoint of the agent’s valuation (£2,700,000), this presents a projected uplift of approximately £285,000. <br/> <br/>In addition, as a self-build home, there is no Stamp Duty payable on the completed property — a further saving of approximately £213,000 — bringing the total potential financial advantage to circa £500,000. <br/> <br/>An outstanding opportunity to create a substantial, high-value family home, to specify internal fixtures and finishes and with significant built-in equity from the outset. <br/> <br/>All figures and projections are indicative only and subject to change. Purchasers must rely on their own independent legal, financial, tax, and planning advice. No representation or warranty is given as to the accuracy or completeness of this information.