An underground reservoir that was filmed for Channel 4's Grand Designs is up for auction, with a guide price of £550,000.
Situated in Alsager, Staffordshire, Ridley Reservoir has been the focus of an ambitious development project in recent years, with plans to convert the drained and disused reservoir into a luxurious private home.
Decommissioned in the 1960s, the service reservoir was set to be transformed into a stunning four-bedroom family home. A refurbished buried water tank was expected to form part of the living space, along with the addition of a swimming pool, cinema room, and roof terrace.
With planning permission approved in March 2019, the current owner has set the foundations for the epic build, with the property’s walls and driveway excavated from the original landscape.
Spanning 8000 square meters, the ambitious project caught the attention of Channel 4 bosses, with Kevin McCloud paying the site a visit as part of filming for the hit architectural show, Grand Designs.
However, after a year’s worth of ground work, the old reservoir building is heading to auction, with new owner’s required to complete the one-of-a-kind dream home.
Ridley Reservoir failed to sell earlier this year after being put on the market for £850,000 and has now been reduced in price in a bid to find someone to take on the unique project.
Ridley Reservoir, Merelake Road, Alsager, Staffordshire, ST7 1UF
Ex Reservoir building | Guide: £550,000 [more info]
The unfinished development will be offered in an online auction on Monday 19th February at 1pm with bidding open for 24 hours only.
Situated off Merelake Road in the small market town of Alsager, the site is close to the Staffordshire border. The reservoir backs onto Alsager golf course and is surrounded by picturesque open countryside.
Taken from the online listing, Auction House Cheshire, Staffordshire & Shropshire describe the sale as: “an amazing Grand Designs opportunity.”
They continued: “This is a project for someone with great vision, boasting over 8000 square meters of property. Set in rural part of Alsager with extensive views, it has development potential perfect for a builder/developer or home owner looking for their family home to make their own.”
Ridley Reservoir goes up for sale by online auction with Auction House Cheshire, Staffordshire & Shropshire on Monday 19th February 2024.
