Summary - Corner Plot Morris Road, Newton Grange, EH22 4ST EH22 4ST
1 bed 1 bath Land
**Standout Features:**
- Prime 0.83-acre plot in Newtongrange (approximately 89,000 square feet)
- Expired planning permissions for residential development (two options)
- Strong recent sales evidence in the area, with nearby properties selling for up to £477,995
- Excellent local amenities and schools nearby, offering a desirable family-friendly environment
**Potential Concerns:**
- Planning permissions have expired, requiring renewal for development
- Broadband speeds currently listed as slow
- Area classified as "very deprived," potentially impacting resale value
Discover a superb development opportunity with this expansive 0.83-acre corner plot on Morris Road, located in the sought-after community of Newtongrange. Ideal for shrewd investors and developers, this property boasts expired planning permissions for two residential schemes: one allowing for up to 12 terraced houses and another for a mix of 16 units, including flats. With strong recent sales evidence indicating high demand in the area, the gross development value (GDV) could range from approximately £3.4 million to £4.8 million, depending on specifications.
Nestled within a convenient location, the plot offers easy access to local shops, schools, and recreational facilities, making it attractive for families looking to settle in a vibrant neighborhood. While the plot does require the renewal of planning permissions, its size and prime location present incredible growth potential. Don't miss out on this unique opportunity to invest in Newtongrange—properties like this don't stay on the market long!
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