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Millards Lane, Lode, Cambridgeshire, CB25 9ES

Guide Price £325,000Freehold

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
ThreeVodafone

Description

Excellent opportunity to acquire this building plot with full planning granted for either a detached bungalow or 2 semi-detached, 3 bedroom homes. Situated in the sought after village of Lode, which is just a short drive from Cambridge City and Bottisham Village College, this site is ideal for the smaller builder/investor and building can commence swiftly.

Description
Excellent opportunity to acquire this building plot with full planning granted for either a 2 bed detached bungalow or 2 semi-detached, 3 bedroom homes. Situated in the sought after village of Lode, which is just a short drive from Cambridge City and Bottisham Village College, this site is ideal for the smaller builder/investor and building can commence swiftly.

Title
The site is registered under Title reference CB487983 (Land West of Montrose Farm, 2 Millards Lane, Lode)

Tenure & Possession
The site is for sale Freehold and with vacant possession.

Planning
Full planning was granted by East Cambridgeshire District Council on 27th December 2024 (Reference 24/00574/FUL), for the erection of 2 private 3 bedroom semi-detached dwellings with associated vehicular access and associated works and on 4th October 2023 (Reference 23/00060/FUL for the erection of a detached bungalow & access. Full planning conditions and drawings can be found on the councils planning portal or obtained via Bovingdons Estate Agents. There are a number of reports/documents available including Contamination Report, Flood Risk Assessment, Arboricultural Impact Assessment, Biodiversity Improvement plan and Tree Protection Scheme, house plans and proposed layout drawings.

Estimated GDV.
Selling prices for the 2 completed houses, which are both circa 91 sq m (980 sq ft),have been estimated by Bovingdons Limited to give a Gross Development Value in the region of £800,000 based on the market conditions as at November 2024. GDV for the detached bungalow is circa £450,000.

Method of sale.
The site is for sale by Private Treaty.

OFFERS
Offers are invited for the freehold purchase of the site. All offers will need to be
confirmed in writing to the seller’s agent and include the following:

1 - Any proposed conditions attached to the offer. 
2 - Proof of funding.
3 - Timescales for the proposed submission of exchange and completion.
4 - Proof of ID for buyers whether private or company purchase.
5 - Details of solicitors to be instructed on the purchase.

Restrictive Covenants
We are not aware at this time of any restrictive covenants on the site, but prospective buyers must confirm this for themselves via their legal representatives before committing to the purchase.

Services
All prospective buyers are to make their own enquiries as to the location and provision of services.

Wayleaves, Easements & Rights of Way.
The land is to be sold subject to all existing rights of way, public or private, light support, drainage, water and electricity supplies and allotted rights and obligations, easements, quasi-easements and all wayleaves ,whether referred to or not in these sales particulars. - Purchasers will be deemed to have full knowledge and satisfied themselves as to the provisions of such matters which may affect the property.

VAT
Should any sale of the land or any right attached to it become chargeable for VAT, then such tax will be the liability of the purchaser to settle in addition to the purchase price.

Viewings
Viewings - Whilst the site is visible from the roadside, all viewings are to be agreed via the seller’s sole agent.

Notes
Local council is East Cambridgeshire District Council.
County is Cambridge County Council.

Arrange Viewing

Bottisham Village College
(1.06 miles)
Outstanding
Number of pupils: 1276
Age Range: 11 - 16
Swaffham Bulbeck Church of England Primary School
(1.24 miles)
Number of pupils: 104
Age Range: 3 - 11
Bottisham Community Primary School
(1.54 miles)
Number of pupils: 298
Age Range: 3 - 11
Swaffham Prior Church of England Primary School
(1.99 miles)
Number of pupils: 103
Age Range: 4 - 11
Waterbeach Community Primary School
(3.15 miles)
Good
Number of pupils: 423
Age Range: 4 - 11
Great Wilbraham CofE Primary School
(3.23 miles)
Good
Number of pupils: 93
Age Range: 3 - 11
Fen Ditton Primary School
(3.3 miles)
Number of pupils: 166
Age Range: 4 - 11
Teversham CofE VA Primary School
(3.57 miles)
Good
Number of pupils: 184
Age Range: 5 - 11
Milton Church of England Primary School
(3.7 miles)
Number of pupils: 376
Age Range: 5 - 11
Landmark International School
(4.07 miles)
Requires Improvement
Number of pupils: 87
Age Range: 4 - 16

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ1,710 /mo.25 Years, 5% Interest
Loan
ÂŁ292,500
Total Repay
ÂŁ512,978

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ3,750
0% up to ÂŁ250,000
5% between ÂŁ250,000 and ÂŁ925,000
Your effective stamp duty rate is 1.15%
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