**Standout Features:**
- Consented development site 
- Planning permission granted for 5 houses: 3 three-bedroom homes and 2 one-bedroom homes
- Excavation for footings already initiated 
- Large plot size of 0.2 acres 
- Off-street parking available 
- Located in a low-crime, affluent community 
**Summary:**
Seize the rare opportunity to develop a prime plot in the tranquil suburb of Selsdon, South Croydon. This freehold site on 119 Old Farleigh Road comes with approved planning permission for an impressive scheme of 5 residential units, which includes three spacious three-bedroom houses and two charming one-bedroom homes. With excavation already underway for the foundations, you can hit the ground running on this restoration project.
Situated in a highly desirable area, the plot boasts a serene atmosphere filled with mature trees and well-maintained gardens, perfect for future residents seeking comfort and exclusivity. The neighborhood features excellent local amenities, including schools—with options for both state and independent education—public transport links to Croydon, and proximity to leisure facilities.
While the potential for development is robust, note that a Community Infrastructure Levy (CIL) payment of £44,000 is outstanding. This property represents a unique investment venture in a flourishing region, appealing to developers or investors looking for a lucrative endeavor. With a guide price of £800,000, this development opportunity is not expected to remain on the market for long. Act quickly to secure your stake in this promising project!
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