Freehold L-shaped parcel circa 0.2 acres with dual road frontages
A freehold development parcel of circa 0.2 acres with planning permission granted for seven two-bedroom houses (a terrace of four fronting Ridding Lane and a terrace of three fronting Addison Street). The site benefits from dual road frontages, fast broadband, excellent mobile signal and straightforward access to Junction 9 of the M6, placing Birmingham, Wolverhampton and West Bromwich within a reasonable commute.
This lot will suit small housebuilders or specialist investors targeting affordable-family or starter-home markets. Planning consent in place reduces lead-in time but buyers should allow for typical build costs and local compliance checks. The parcel's shape and frontage are conducive to the approved terrace layout, offering clear delivery potential.
Significant local challenges are material and must be considered: the area is classified as very deprived with very high crime rates and “hampered aspiration” indicators. These factors will influence sales values, rental demand and financing options. Prospective purchasers should review the full planning conditions, legal title and local survey information before committing.
This sale is presented as a development opportunity requiring professional due diligence. Physical inspection, review of the legal pack and confirmation of service connections, drainage and ground conditions are recommended prior to exchange.