This property has been taken off the market.
House For Sale Arkley Drive, Barnet, EN5
£250,000
Auction Property
1 of 5
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 15th May 2024
Description
Overage rights at the land at Arkley Lane, Barnet, EN5 3LN\r
\r
The property is not part of the sale but comprises this site of 2 acre which sits between existing dwellings. The purchaser of this lot will receive 15% of the increase in land value as and when\r
planning permission is granted for development. Whilst it is understood an application has not yet been submitted, these details show an indicative scheme that the land owner may wish to\r
consider. The overage rights exist for a period of 80 years from 2023. The land owner does not have to submit a planning application - This can also be submitted by a third party to gain the overage trigger.\r
\r
Annual Fee income:\r
The buyer of this lot, will receive 15% of the LAND increase in land value as and when planning is granted\r
\r
Tenure:\r
Full details of the overage registered with the Land Registry are available from the auctioneers\r
and within the legal pack to download from the auctioneers web site.
\r
The property is not part of the sale but comprises this site of 2 acre which sits between existing dwellings. The purchaser of this lot will receive 15% of the increase in land value as and when\r
planning permission is granted for development. Whilst it is understood an application has not yet been submitted, these details show an indicative scheme that the land owner may wish to\r
consider. The overage rights exist for a period of 80 years from 2023. The land owner does not have to submit a planning application - This can also be submitted by a third party to gain the overage trigger.\r
\r
Annual Fee income:\r
The buyer of this lot, will receive 15% of the LAND increase in land value as and when planning is granted\r
\r
Tenure:\r
Full details of the overage registered with the Land Registry are available from the auctioneers\r
and within the legal pack to download from the auctioneers web site.
Agent Details
Barney Estates and Auctioneers
Baltimore House, Juniper Drive, London, SW18 1TS
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.