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Selling Agent
Sourced South Wales

Development Opportunity – Full Planning in Place For 23 Homes

Ideally located for professionals and retirees.
Guide Price
£1,500,000

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Key Features

  • Development opportunity
  • Ideally located for professionals and retirees
  • High GDV
  • Shovel ready site
  • PMQS and respected contractor is in place

The Property

Planning permission has been granted for 23 timber-framed premium homes in Gwent, South Wales; combination of 3 bed bungalows, 4 and 5 bed houses meeting needs of both professionals and retirees seeking rural views and lifestyle whilst enjoying close proximity to Newport, Cardiff and Bristol. Occupying the upper portion of the wider development, the 23 plots have magnificent 180 degree hill and valley views.

PMQS and respected contractor is in place.

Planning Information

N/A

The Plan

Development opportunity with planning permission for 23 timber-framed premium homes in Gwent, South Wales; combination of 3 bed bungalows, 4 and 5 bed houses meeting needs of both professionals and retirees.

70 other homes have already been built out, mortgaged and in some instances sold. Demand for the new plots is high and the GDV does not reflect the current premium being sought by neighbouring completed plots.

This is a shovel ready site with roads, street lighting, sewers, ecology and earthworks undertaken and all utilities are laid up to the plot boundaries.

PMQS and a respected contractor is ready to go if required.

The Financials:

Purchase Price: £1,500,000 OIRO
GDV: £6,970,000
Build cost: £3,800,000

The Location

Located in Gwent, South Wales, this development opportunity is ideally located for professionals and retirees with beautiful rural views as well as being within close proximity to Newport, Cardiff and Bristol.

Occupying the upper portion of the wider development, the 23 plots have magnificent 180 degree hill and valley views.

Average estimated value for a house in

£

70 other homes have already been built out, mortgaged and in some instances sold. Demand for the new plots is high and the GDV does reflect the current premium being sought by neighbouring completed plots.

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