Home > Auctions > 28 May 2025 28 May 2025 - 9:00am > Lot 119

28 May 2025: Wednesday 28 May 2025 - 9:00am
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Property details

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    Key features

    • A freehold development site currently arranged as a house and garden
    • Planning permission granted to demolish existing buildings and construct 16 residential units (Class C3
    • Once built, the block of flats will comprise 11 x 3 beds, 3 x 2 beds and 2 x 1 beds
    • Two similar building developments have been completion on neighbouring plots
    • Sought after location
    • 6 week completion
    • Site is approx. 0.43 acres.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to the accommodation schedule for proposed floor areas.

    Planning

    Application Ref: 24/00563/FUL

    The Council of the London Borough of Croydon have granted permission for the 'Demolition of existing building and redevelopment of site to provide 16 residential units (Use Class C3) including affordable housing comprising of a 3.5 storey building together with associated cycle provision, amenity space, external landscaping, refuse storage and associated works at 128 Foxley lane, Purley, CR8 3NE'.

    Click Here for Planning Portal

    Notes

    The S106 is for 35% affordable housing arranged as follows

    • London Affordable Rent - 3 x 3 beds - units 1,3,15 
    • Shared Ownership - 2 x 3 beds - units 6,8


    Please note it may be possible to renegotiate the S106 to reduce the 35% down to 15% via a Viability Study, as well as the 15% (or indeed the 35%) to be ‘First Homes’ (please refer to the legal pack for more information).


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

        There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

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        Accommodation / Tenancy Schedule

        Local information

        The site is situated on the North side of Foxley Lane, which is accessed from Woodcote Road and Purley Way. The local amenities are nearby on Purley Way with a wider range of shops, restaurants and bars in the centre of Purley.

        Transport

        Purley - Southern and Thameslink

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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