Furnace Lane, Newent

£250,000

Guide price

A Very Unusual Development Opportunity Comprising A Most Interesting Grade II Listed Former Furnace and Agricultural Building Having Planning Consent For Conversion To A Single Dwelling Standing On A Large Plot Extending To Approximately 1 Acre Conveniently Located On The Outskirts Of the Town Of Newent

Location

Newent is an attractive and thriving unspoilt town with a range of attractions for shoppers and visitors. Many of the buildings date from the thirteenth Century and the centrepiece of the town is the Old Market Hall which was built in 1668. The town is approximately 10 miles from Gloucester, 9 miles from Ledbury and just 4 miles to Junction 3 of the M50.

Description

A most interesting development opportunity very conveniently located on the outskirts of the popular town of Newent.

The Furnace comprises an unusual Grade II Listed former charcoal fired iron smelting furnace and agricultural store which has the benefit of planning consent for conversion to a single residential dwelling. It stands on a site extending to just over 1 acre.

There is a very large timber shed (shed A on site plan) which according to the approved plans will need to be removed by the purchasers after completion of the development but will in the meantime provide very useful secure on-site storage and sheltered hardstanding works area. Beyond the old furnace there are two further large timber sheds (sheds B and C) and this area may provide future development potential subject to any necessary consents.

The old furnace building, referred to as a blowing house, has a most fascinating history and it has retained many interesting features including a wonderful brick barrel vaulted ceiling. There is evidence to suggest there may have been a corn mill on site dating back to the 16th or early 17th century which was converted to iron works by 1645 and this is believed to have ceased working by about 1730.

Access to The Furnace is via a right of way over Furnace Lane which is a private no through road.

Planning Permission

Full planning permission was granted by Forest of Dean District Council in December 2009 for the conversion of Former furnace building and agricultural store to form a single dwelling. Planning reference number: P1727/09/COU

Plans have been drawn up to provide a very unique split-level four bedroomed property with ample space for at least two further bedrooms if required. Copies of these plans, associated paperwork and the decision notice can be inspected at the agents Ledbury office or online at the Forest of Dean Planning portal.

It should be noted that conversion works commenced in 2012 with the reconstruction of the roof structure, for which there is formal written acknowledgement by the Senior Building Control Surveyor.

Plans and drawings shown are for identification only and are not to scale.

It is planned to offer The Furnace for sale by public auction in the Spring 2020 unless sold previously.

Services

It is understood that mains water and electricity are available but prospective purchasers should make their own enquiries for location and suitability for connection. Drainage will be to a new private treatment plant.

Directions

From the agent's Ledbury office proceed down New Street and at the traffic island take the second exit onto the B4216 towards Dymock. Continue on this road into Dymock and at the T junction turn left in the direction of Newent. Continue over the M50 motorway and on approaching Newent turn right (just before the Tewkesbury road turning on the left) into Furnace Lane (private unmade lane). The Furnace will then be located on the left hand side.

Viewing

By appointment to be made through the Agent's Ledbury Office (Tel: 01531 634648)

General

Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or enter into any contract.

Tenure

We are advised that the property is Freehold.

An Interesting Development Opportunity

Unusual Grade II Listed Former Furnace And Agricultural Store

Planning Permission To Convert To A Single Dwelling

Convenient Edge Of Town Location

Total Site Extends To Approximately 1 Acre

Arrange viewing 01531 248055

John Goodwin - Ledbury

3/5 New Street, Ledbury, Herefordshire

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