Planning permission for 53 homes on a large freehold plot — auction sale with buyer’s premium and 10% deposit.
Planning permission granted May 2025 for 53 units (14 houses, 39 flats)
Large freehold plot with off‑street parking included
City location with good transport links and nearby schools
For sale by auction — 10% deposit and buyers’ premium apply
Area classified as very deprived; crime above local average
Buyers must review legal pack; special conditions/additional costs possible
No flood risk recorded; undertake utilities and site condition checks
Suitable for developers/investors; viability sensitive to local market
This large freehold site on Stonor Street has planning permission (May 2025) for 53 residential units: 14 three‑bed houses and 39 flats. The permission, off‑street parking provision and substantial plot present a clear delivery route for a medium‑scale housing scheme in a city location. The site adjoins mixed suburban/commercial uses and benefits from good transport links and several nearby schools.
The opportunity suits developers and investment buyers prepared to proceed via auction. Sale is by modern method of auction: a 10% deposit on exchange, a buyers’ premium (1% + VAT, minimum £5,000 + VAT), and a statutory 28‑day completion period apply. Buyers must review the legal pack carefully; special conditions and additional costs may be included.
Buyers should note material local factors: the area is classified as very deprived with above‑average crime rates, and it sits within an urban cultural mix. These factors affect rental demand, resale values and management costs and should be factored into viability appraisals. There is no flood risk recorded.
Positive value drivers include the granted planning consent, city‑centre proximity, nearby schools (including an outstanding primary) and ongoing local regeneration. The site’s size and freehold tenure give scope to adapt layouts subject to consent. However, total site measurements and service condition require on‑site due diligence; purchasers must verify utilities, access and any remediation liabilities before commitment.
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