Freehold plot with prior consent for four detached homes — auction sale, redevelopment potential.
Freehold end-terrace with large plot and significant redevelopment potential
A large freehold end-terrace site on Siding Terrace offering clear development potential. Previously approved planning permission exists for four detached residential dwellings, making this a straightforward opportunity for a small-scale developer or speculative investor seeking a quick plot with consent history. The plot size and 1,077 sq ft internal figure suggest substantial footprint and room for a multi-unit layout or a comprehensive rebuild subject to confirmation on boundaries and plans.
The property is sold at traditional auction: immediate exchange with completion within 28 days. Buyers should note the mandatory auction terms — a 10% non-refundable deposit on exchange plus a separate non-refundable reservation fee (4.5% including VAT, minimum £6,600). A Buyer Information Pack is supplied (buyer pays the pack fee). These costs and timescales suit cash-ready investors or developers prepared for a fast purchase and onward project mobilisation.
On site the house is dated and requires attention. External areas are overgrown with an untidy driveway and an unclear access path through derelict vegetation; external walls are granite/gritstone with no assumed insulation. The property has mains gas central heating with modern double glazing fitted after 2002, but the build era (c.1900–1929) indicates likely further retrofit and refurbishment works will be needed before occupation or sale of new units.
This lot will most appeal to buyers prioritising development upside in a relatively low-crime, city/major-town area with fast broadband and average mobile signal. The previously approved consent reduces planning risk, but purchasers should verify current planning status, services, and remediation costs before bidding. Auction conditions and extra fees materially affect purchase cost — factor these into any offer or funding plan.
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