An underground tank featured in the hit series Grand Designs is in the works, after its mission failed to take off.
The Staffordshire site was set to be redeveloped and turned into an architectural marvel for Kevin McCloud’s Channel 4 exhibition after manufacturers visited it for filming. The groundwork had already been laid for a luxury asset in Ridley Reservoir after receiving the green light in 2019.
A commission for this house included 4 bedrooms, a swimming pool, a cinema and a rooftop terrace. Since getting the green light, the owner has taken it upon himself to lay the groundwork and dig a driveway.
But now it seems that this ambitious task could not be realized despite the interest of Kevin McCloud’s team and will be auctioned later this month. An earlier attempt to sell the unfinished dream assets for £850,000 failed, and this time the target value is £600,000.
Despite costing more than double the average home value in the UK, the 8,000-square-metre plot may only be a seven-figure dream home. However, the biggest problem is that the new owner will have to complete the structure himself.
North London estate agent Jeremy Leaf said: “Given the context of the property, you’ve gained a lot more exposure than you would have otherwise, but if you’re thinking about buying, you shouldn’t let all that cloud your judgment. There are regulations in place to make any acquisition with your eyes open and making sure to check it from all angles before the hammer falls.
“As with any auction, if you bid effectively on that day, you are committed to the acquisition and any issues that arise with the assets are yours. In terms of structural and utility issues, the water connection is, to say the least, questionable. .
“But if everything works out as it deserves and passes those tests, the awareness generated around the assets could be limited to their final price and their market price once the work is complete. It actually has the brightness factor, but it probably doesn’t. “the timid ones. “
Ownership of the reservoir will be auctioned online on Monday, Jan. 22 at 1 p. m. and will be open to bidders for 24 hours. Although technically situated in Staffordshire, the site is on the edge of Cheshire Market, the town of Alsager. The Ridley Reservoir was dismantled in the 1960s. The site is located behind the neighbouring golf course of Alsager and is surrounded by idyllic scenery.
Realtor Auction House, which is in charge of the sale, described it as “an opportunity for great designs. “They said: “This is a task for someone with a big vision, with over 8,000 square metres of property. Located in a rural component of Alsager with expansive views, it has the best growth prospect for a builder/developer or homeowner looking for a home for their family. . . to make their own. “
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