The development site forms part of Seafield Court which is an existing purpose built detached building containing 6 flats, set over 3 floors. The developers, EXP Property Investments Ltd, are acquiring the long leasehold interest in the lower ground floor level - which is essentially unused basement storage space.
Prior to purchasing the lower ground floor the developers submitted and were successful in obtaining planning for conversion of the basement to two, 2-bed residential flats.
The planning application can be viewed online via the Reading Planning Portal using the following Ref: 171221.
As you can see from the approved plans below, flat 1 is the smaller unit, extending to 47.6 sqm with an open plan living / dining / kitchen space, 2-bedrooms and a bathroom. Flat 2 is the larger unit, extending to 54.8 sqm. This also provides for an open plan kitchen / living/ dining rooms but the master bedroom has an en-suite shower room, guest bedroom and second bathroom.
Both properties will have the benefit of a new lightwell which will be created to the front of the block. To the rear will be a shared access door.
As part of the proposals there will be improvement works to the existing communal car park to the rear and Flat 2 will have the benefit of an allocated parking space.
On completion the new apartments will be put on the open market targeting first time buyers at an affordable level. The developers will also be exploring the Government’s Help To Buy scheme in order to improve the saleability.