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Ride_on

Added Value From Planning Permission

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http://www.propertynews.com/brochure.php?p=TRHTRH50643

My attention was drawn to this property in Seahill firstly because it has had 3 price reductions since first coming on in July (£385, £300K, £270K), aswell as being with 3 different EAs.

The price reductions have brought it from 2.2x DCV to 1.5x

1 of the EAs did not even show the planning permission was applied for, and as it has come into 'granted' from 'applied for' the price has steadily dropped.

Looking at Google maps it really doesn't have much space and the adverts report planning for 2 dwellings of 1500ft2. They are each going to be bigger than the current property, obviously they are losing the garden.

http://maps.google.co.uk/maps?f=q&sour...mp;t=h&z=20

The owner is trying to sell to a developer, but is there any real added value here? Are gardens worth nothing? The area seems pretty dense and overpriced already.

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I seen this the other day ...

"Demolition of 2no. HMO buildings, with retention of front facade and erection of 7no. Flats (4 Flats to have 2 bedroom each and 3 Flats to have 1 bedroom each) and a 2 storey return with rear roof dormer."

http://explorer.planningni.gov.uk/MVM/Onli...nd/Menus/PL.xml

... here's the house's (google street view) ...

http://maps.google.com/maps?hl=en&q=75...250.81,,0,-3.29

Basically they are trying to turn 2 perfectly nice litte terrace houses (side-by-side) into 7 flats? wtf? I really hope this doesnt get passed as this will increase parking where parking in stranmillis village is already a joke for residents commuters / students taking all the spaces from residents.

Edited by bobmarksie

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