Exclusive and rare development opportunity comes to the market

18th August 2014

George F White are offering a unique development opportunity within Axwell Park, a private estate located on the outskirts of Newcastle. Acquired in 1924 as two plots, the owner constructed a detached bungalow on one plot and utilised the other as a garden.

The sites on Lakeside View enjoy fantastic views over an ornamental lake site within this exclusive estate, which is managed by an elected committee of registered owners. Residents of the estate not only enjoy a tranquil lifestyle but have the use of facilities which include a childrens play area, tennis court along with woodland and meadow areas.

The existing bungalow requires complete modernisation but potential purchasers may wish to take advantage of the development potential with two planning consents in place. The first consent permits the demolition of the existing bungalow and the construction of a larger and more substantial dwelling, the second consent would permit a purchaser to construct a new dwelling within the current garden area.

Equally intriguing is the method in which the property is to be sold. An auction is to be conducted on Thursday 18th September at Blaydon Rugby Club in a “Cumbrian style”, whereby both lots are offered individually and then offered as a whole.

Andrew Entwistle, partner based at the Wolsingham office of Geoge F White commented “It is a unique property and it is impossible to ascertain the demand. We can see that purchasers would wish to renovate the existing bungalow and also build a new house on the single plot, but equally a purchaser may wish to demolish the existing bungalow and build their dream property across both plots. To provide clarity for purchaser and vendor alike, we are offering the property for sale in this slightly unusual manner“.

Interested parties should note that as the property is located within a private estate any inspection is strictly by prior appointment with the agent, for more details information click:

Lot 1 – Bungalow

Lot 2 – Development Plot

or contact George F White on 01388 529579.

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