Dukes Wood Leamington Road, Princethorpe, Rugby, Warwickshire, CV23 9PZ
- Conditional Online Sale
- Offers in Excess of : £280,000
- Bedrooms: 0
Description
Rare Opportunity – Rural Site with Redevelopment Potential – CASH BUYERS ONLY
A unique opportunity to acquire a rural site, featuring an existing uninhabitable dwelling, located just outside the sought-after village of Princethorpe. Offering fantastic potential for redevelopment (subject to planning permission), this site provides a tranquil countryside setting with excellent transport links.
Location
Princethorpe is a charming and well-established village, conveniently positioned between Rugby and Leamington Spa. The village boasts a local pub, a primary school, and the highly regarded Princethorpe College. Surrounded by rolling countryside, it offers a perfect balance of rural living while maintaining easy access to major road networks, including the A45, A46, M1, and M6. Rugby railway station is also within reach, offering high-speed services to London Euston in under 50 minutes.
The Site
The plot includes an existing one-bedroom bungalow, which is currently uninhabitable and requires complete redevelopment. The property benefits from direct access off Leamington Road and has a mains electricity supply. However, there are no mains gas, water, or drainage services, meaning the site is not mortgageable.
**Material information**
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Tenure
FREEHOLD
Comments
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Merchant are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Merchant authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £4,000 including VAT, plus a legal pack charge of £396 including VAT, a total of £4,396. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and legal pack charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Energy Performance Certificate(EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines.Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient.The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method.EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type.The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared.During this period the EPC may be made available to buyers or new tenants.
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