INVESTORS | DEVELOPERS - We are delighted to be offering a rare opportunity to acquire this terrace of three beautifully developed, charming cottages, converted and transformed from former stables into well conceived character-full homes, along with the parcel of frontage land adjoining which could be developed further (STPP). Located off the main high street in Sproughton and privately accessed by a gated entrance, we are offering for sale two titles; Stephensons, Russell and Booth Cottages which currently have tenants in situ who will remain on AST agreements paying a combined monthly rent of £2,520 and the adjoining frontage land which is currently purposed for parking but which in 2008, had planning permission for an additional two semi-detached dwellings. Planning permission has now lapsed but may be resurrected subject to renewed permissions. The following descriptions and photographs are in left to right order of Stephensons, Booth and then Russel Cottage. 

EXISTING INVESTMENT PROPOSITION There are currently tenants residing in situ under assured shorthold tenancy agreements who will remain. The combined monthly rent is currently £2,520. A parking space is also let to a local resident at an additional monthly rent of £50 totalling £2570 PCM.

Stephensons Cottage - £900 PCM | Tenancy start date 18/07/2020 | Rent review date 17/07/2023.
Russell Cottage - £820 PCM | Tenancy start date 08/08/2020 | Rent review date 01/08/2023.
Booth Cottage - £800 PCM | Tenancy start date 05/06/2017 | Rent review date 01/01/2023
Parking Space - £50 | Let to local resident. 

POTENTIAL FOR DEVELOPMENT SUBJECT TO OBTAINING THE REQUIRED CONSENTS AND PERMISSIONS Planning permission was granted at appeal in 2008/2009 for the erection of two semi-detached dwellings within the frontage land adjoining the boundary of the cottages, part of which is currently allocated as parking spaces for the cottages. The permissions granted have now lapsed and no longer apply, planning permission could however be re-applied for in the hope that permission could be potentially granted and the consent for a development resurrected. We are able to provide further details of the original draft drawing and consent letter on request. For further enquiries, please email planning consultant Leslie Short of Artisan Planning & Property Services [use Contact Agent Button] who has an understanding of the development, can assist on an advisory level, and submit renewed applications. The sale will be conducted on an unconditional basis. 

STEPHENSONS COTTAGE (THREE BEDROOMS) SUMMARY
Entrance Hall
Bespoke Fitted Kitchen 15' 3" max. x 8' approx.
Sitting/Dining Room 17' 8" x 12' 6" approx.
Cloakroom
Landing
Bedroom One 17' 8" x 9' 8" approx.
Bedroom Two 11' 1" x 8' 4" max. approx.
Bedroom Three 8' 4" x 8' approx.
Four Piece Bathroom
Front Garden
Parking
Gas centrally heated | Double Glazed | Features
 

RUSSELL COTTAGE (TWO BEDROOMS) SUMMARY
Entrance Hall
Bespoke Fitted Kitchen 11' 1" x 8' 10" approx.
Sitting/Dining Room 17' 8" x 12' 3" approx.
Cloakroom
Landing
Bedroom One 11 1" x 8' 10" approx.
Bedroom Two 17' 5" x 10' 3" approx.
Four Piece Bathroom
Front Garden
Parking
Gas Centrally Heated | Double Glazed | Features 

BOOTH COTTAGE (TWO BEDROOMS) SUMMARY
Entrance Hall
Bespoke Fitted Kitchen 10' 11" x 8' 8" approx.
Sitting/Dining Room 17' 9" x 12' 5" approx.
Cloakroom
Landing
Bedroom One 15 4" x 10' 4" approx.
Bedroom Two 11' 3" x 8' 8" approx.
Four Piece Bathroom
Front Garden
Parking
Gas Centrally Heated | Double Glazed | Features 

BABERGH COUNCIL Stephensons Cottage - Council tax band C - Approximately £1,809.73 PA.
Russell Cottage - Council tax band B - Approximately £1,583.52 PA.
Booth Cottage - Council tax band B Approximately £1,583.52 PA. 

NEAREST SCHOOLS Sproughton Primary and Westbourne Academy High.