Rebuild, refurbish or buy already updated?

 

Whether your property preference lies in the realms of Grand Designs or 60 second make over, there are homes on the market to suit everyone’s budgets, DIY desire and aspirations. Award winning Surrey agent Barton Wyatt, shows us a selection of their properties on the market offering the buyer to rebuild, refurbish or to move in clean and pristine.
Property with consent to replace current dwelling:
Pindi House, Wentworth Estate, on the market for £1,950,000
The current property is a spacious detached family home offering versatile accommodation consisting of a master bedroom with en-suite bathroom and walk in wardrobe, guest bedroom with en-suite bathroom, four further bedrooms, family bathroom, entrance hall, drawing room, dining room, study, family room, utility room, kitchen/breakfast room, integral double garage, cloakroom.
Importantly it has a prime location on a sought after road on the prestigious Wentworth Estate, within walking distance of the village centre and main railway station, plus it is set in a superb plot of approximately 0.7 of an acre, it backs onto Greenbelt paddock land and enjoys a good degree of privacy.
As it stands Pindi House is an excellent family home but as Rupert Wyatt, Senior Partner of Barton Wyatt comments, “this house was built back in the 1950’sand today’s Wentworth home owner is looking for that unique home complete with the latest in modern technology, personalized space and a tailored design. Despite the price tag for the house and plot, we find that roughly speaking buyers will purchase such a house at the current market value, knock it down and rebuild the home for say, £1,250,000 or between £130 and £175 per square foot, the final value of the new home on the existing plot could reach £4 million, so there may be a profit to be made in rebuilding.”

Pindi House is on the market with an existing planning consent for a replacement dwelling to be built on the site of approximately 7,000 square feet.

Opportunity to extend the current property:
Silver Lining, Brockway, Wentworth Estate, on the market for £1,725,000
If a full redesign and build is too much of a project then considering a home with extension potential could still be the way to add value to your home without the upheaval of a lengthy rebuild.
 
Silver Lining is a superbly presented family home situated in a much sought-after west facing plot of approximately half an acre on this private, quiet road within the Wentworth Estate. The property consists of master bedroom with dressing room and en-suite bathroom, guest bedroom with en-suite bathroom, three further bedrooms, family bathroom, entrance hall, cloakroom, drawing room, dining room, study, kitchen/breakfast room, conservatory/family room, utility room, integral double garage, beautifully maintained west facing grounds.
Silver Lining is situated on a plot amounting to approximately 0.5 acres with a great deal of space to the side of the property which lends itself to expanding the current dwelling, subject to planning consent. The rear of the property has been superbly landscaped and well maintained giving the plot a private and tranquil feel. With the large rear garden an extension would still be well proportioned within the plot. Wyatt comments, “Extending this home with a substantial 2 storey 1,500 sq ft extension for example, could add an extra £500,000 to the value of the home on the current values being achieved in the area. Quite often we find that new owners want to put their own stamp on a property and creating some extra personalized space is a great way to do this. Rarely do you purchase a perfect property so an extension allows the creative buyer the option to fashion their dream home whilst adding value to the property.”
 
Property which has been renovated:
Eastways, Sunningdale, on the market for £4,950,000 (reduced from £5,500,000)
For those of us who are happy to live without the dust and debris of home renovations, Eastways has already been substantially improved by the current owner. Situated in Sunningdale’s premier private road, this is a very spacious and interesting family home spread over four floors with accommodation of approximately 8,500 square feet to include a three car garage with a one bedroom staff flat over. It is set in landscaped gardens of just under one acre adjoining Sunningdale golf course.
 
There is an enormous amount of superb living space of offer at Eastways, the property consists of 5 bedroom and bathroom suites on the first floor, three further bedrooms and two further bathrooms on the second floor. There are five reception rooms, kitchen/breakfast room, utility room on the ground floor, cinema/games room with a link through to the integral garage on the lower ground floor, plus an independent staff flat over the garage with a bedroom, bathroom, living room and kitchenette.
 
“Although buyers can add value to their homes by making improvements, it isn’t always possible to find extra cash on top of a house purchase in order to carry out improvements. Certainly there are many circumstances where home improvements are not a practical or possible option for the owners, for example a family with young children, in this instance buying your home either new or refurbished is the perfect option”, Wyatt adds, “Despite the host of media and TV programmes showing us how to DIY, picking up a paint brush at the weekend really isn’t everyone’s idea of relaxing home time! Purchasing a turn-key home doesn’t mean missing out on a bargain, Eastways has had its asking price reduced from £5,500,000 to £4,950,000 so buyers would be benefiting from very realistic pricing.”
For further information about the above properties or other similar opportunities in the Surrey area contact Barton Wyatt on 01344 843000 or visit www.bartonwyatt.co.uk.