Summary - 31, DAVIDSON STREET, AIRDRIE ML6 0ED
1 bed 1 bath Land
**Standout Features:**
- Large 1 Acre (43,560 sq ft) plot in a vibrant area of Armadale
- Planning permission granted for a 4-bedroom dwelling (reference 24/00835/FUL)
- Projected rental income of £250/night and an annual gross income potential of £73,000 based on an 80% occupancy rate
- Strategic location with excellent transport links to Edinburgh, Glasgow, and Livingston
- Competitive guide price of £75,000
**Potential Concerns:**
- Requires landscaping and clearing; currently unkempt and undeveloped
- The area’s socioeconomic classification indicates it is a challenged transitionary community
This expansive 1-acre plot in the sought-after Armadale area presents a remarkable opportunity for developers and investors alike. With approved planning for a modern 4-bedroom home, the potential gross development value (GDV) is estimated at around £650,000, making it a lucrative venture. The strategic location offers swift access to Edinburgh and Glasgow, making it appealing for commuters, while projected short-term rental income showcases excellent investment potential.
While the land requires some landscaping and clearing, its vast developmental prospects amidst improving local amenities make it a promising choice for those with vision. Given ongoing investments in infrastructure and community development in Airdrie, this is a prime time to consider this property. Don’t miss out on this exclusive opportunity to secure a significant piece of real estate at an attractive price!
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