Ready-to-build site with planning consent and strong rental demand.
Full planning and building warrant for three 4-bedroom houses (ref 21/00257/Full).
A cleared, level site of approximately 0.3 acres (13,068 sq ft) with full planning consent and building warrant for three four-bedroom houses (planning ref 21/00257/Full). A development commencement notice was lodged on 14 August 2023, so the legal consents are in place; the site has no recorded flood risk and mobile signal is excellent. Comparable nearby four-bedroom sales show strong local demand, and current rental evidence suggests achievable rents of £1,400–£1,500 pcm.
This lot is offered for sale via timed online auction with a guide price of £180,000. At that price the developer gross yield on rental income is cited at approximately 8.6–9.23% (based on £16,800–£18,000 pa). The site is suited to small housebuilders or investor-developers who can progress construction to deliver three new family homes in a desirable residential neighbourhood of Markinch, with good transport and local amenities.
Buyers should note practical and commercial considerations: tenure is recorded as unknown and the sale will be at auction, which requires buyer due diligence and pre-arranged finance. Although planning and a building warrant are granted, costs remain for construction, services connections and finishing. The wider area is classified as having high deprivation, and broadband speeds are average — factors that may influence tenant profile and sale values.
Overall, this is a ready-to-develop residential site with planning in place and clear upside for a developer or investor prepared to fund build costs and manage completion to market or let the completed homes.
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