Business
HS2 Project Property Auctioned After Compulsory Purchase
A detached brick building in Stafford, previously acquired through compulsory purchase for the HS2 Project, is set to be auctioned. The property, located on Marston Lane, has now been formally removed from the land and is being offered for sale with a guide price of £32,000.
The auction will take place on September 15, 2023, at The Double Tree Hilton Hotel in Stoke-on-Trent, starting at 18:30. The building is currently described by agents from Butters John Bee as a potential one-bedroom, one-bathroom residence, although it does not possess these features at present.
Situated in a village setting, the single-storey structure backs onto open countryside, providing a scenic backdrop. The property has been labeled as requiring a “renovation” or a “rebuild, subject to planning consent.” Images of the building reveal an overgrown site, with vegetation overtaking much of the land and boarded-up windows, indicating significant disrepair.
As the auction date approaches, interested buyers will need to consider the extent of renovations required to transform the property into a livable space. This auction presents an opportunity for developers or buyers looking for a renovation project in a rural setting.
With the increasing focus on the HS2 Project and its impact on local communities, this property’s sale reflects ongoing changes in the area as infrastructure developments progress. The auction is expected to attract attention from various bidders, eager to capitalize on the potential of this land.
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