Killane Mill, Ballaugh, IM7 5BB

£405,000 OIRO

Key Features

  • Detached 3 double bedroom house with quadruple garage on good size plot of land.
  • Beautiful views looking out to sea.
  • Historical detached former mill dating back to c.1868.
  • Planning in principle for the erection of a replacement dwelling in 2010, which has since elapsed.
  • In need of refurbishment / modernisation.
  • Quoting price based on a estimated house price of £495,000, minus £90,000 (5 years rent up-front at £1,500 per calendar month).

Overview

DESCRIPTION

Historical detached former mill dating back to c.1868. Various alterations and extensions have been added over the years, along with a sea defence in c.1991. Planning in principle for the erection of a replacement dwelling in 2010, which has since elapsed.

Good size plot of land that has Killane River meandering through, with beautiful views looking out to sea. Shared long driveway from the main road and a public footpath to the right of the gated entrance leading down to the beach.

Property has 3 double bedrooms at lower ground floor level with a jack and jill bathroom. The ground floor houses a large lounge which opens out into a secluded BBQ patio, kitchen with aga cooker / hot water & oil central heating system, dining area, porch, family size bathroom, study, utility room, art studio and quadruple garage which houses the oil tank with potential for attic conversion / extension above subject to planning and building control approval. Due to the location of the property it is connected to a septic tank, as opposed to mains.

Property is in need of refurbishment / modernisation.

TENURE

Proposal for a sale and leaseback in order for the existing owners to remain in occupation for the remainder of their lives.

At a Glance

  • Price
    £405,000 OIRO
  • Status
    Sold
  • Tenure
    Freehold
  • Type
    Investment

Contact the Agent

Contact the Agent

Ben Quayle

ben@blackgracecowley.com

01624 645550

Key Features

  • Detached 3 double bedroom house with quadruple garage on good size plot of land.
  • Beautiful views looking out to sea.
  • Historical detached former mill dating back to c.1868.
  • Planning in principle for the erection of a replacement dwelling in 2010, which has since elapsed.
  • In need of refurbishment / modernisation.
  • Quoting price based on a estimated house price of £495,000, minus £90,000 (5 years rent up-front at £1,500 per calendar month).

Recently Viewed Properties

Sold
Killane Mill, Ballaugh, IM7 5BB

£405,000

  • Tenure
    Freehold
  • Type
    Investment
  • Status
    Sold