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Two for the price of one in historic Melbourne

A period property in Melbourne offers a rare opportunity for developers to get a two for one deal when it goes under the hammer this month.

Stripped bare, empty and awaiting a new lease of life, 27 Victoria Street is a period semi-detached house with planning permission both for an extension to the existing property and a new build in the grounds.

Being sold by SDL Auctions, the UK’s most successful live-streamed auctioneer*, in partnership with Newton Fallowell, the property has a **guide price of £275,000+.

Auctioneer and Managing Director Andrew Parker expects the lot to attract a great deal of attention. He said: “It’s not often you get the opportunity to develop in the heart of this popular town and this property offers the chance to see great returns. Not only is there the chance to extend the existing property, but the size and scope of the plot means there is space to build a whole new home in the rear garden.”

With a deceptive frontage, the property currently stretches back to include two reception rooms, a kitchen, conservatory, two cloakrooms and a utility room downstairs, with two bedrooms and a bathroom on the first floor. There is also an attached large study/store on the ground floor, with an upstairs studio.

Approved in July 2019, the plans would see the house converted to a three bedroomed property, turning the rear study/store into a spacious kitchen/family room with bi-fold doors opening into a courtyard garden. The upstairs studio would be converted into a bedroom with bathroom and a large landing suitable for a study area. There will also be off-road parking for two vehicles.

At the rear of the property there is currently a former coach house which would be demolished under the existing plans to make way for a three bedroomed detached dwelling.

The plans for the new property allow for an open-plan dining kitchen with living area, a separate living room, utility room and cloakroom on the ground floor. Upstairs would be a master bedroom with en suite, two further bedrooms and a family bathroom. This, too, would have parking for two vehicles, plus a rear garden.

Andrew added: “As anyone in the area already knows, Melbourne is a highly desirable market town with independent shops and restaurants, wonderful architecture, an annual arts festival, great transport links and set in rolling countryside. Whether you are looking to self-build or are a developer looking for your next project, I would urge you to take a closer look at 27 Victoria Street as it has a huge amount to offer.”

To find out more about the property or to book a viewing, please contact the SDL Auctions team on 01332 242 880.

There is still time to enter your own property into the auction, which takes place on Wednesday 30th September with bidding by telephone, over the internet or by proxy. To request a free, no-obligation auction valuation, click here or call the team on 01332 242 880.