Ready-to-build site with extant permission and immediate ground-rent income.
- Extant planning for 12 x 2-bed apartments (c.7,656 sq ft)
- Existing infrastructure from first phase, development-ready (subject to DD)
- Ground rent income £2,800 pa from 28 completed dwellings
- Undeveloped rectangular plot within gated cul-de-sac
- Mature woodland on two boundaries, provides privacy
- Very high local crime and very deprived area classification
- Tenure unknown; buyer to verify legal title and liabilities
- Price £200,000; flood risk recorded as none
A ready-for-development parcel within a gated cul-de-sac, this site offers a clear route to value for a purchaser able to progress planning and build-out. Extant permission covers a second phase of 12 two-bedroom apartments (c.7,656 sq ft) on the undeveloped rectangular plot; existing infrastructure from the first phase reduces immediate site prep (subject to due diligence). There is also an ongoing ground rent income of £2,800 per annum from the completed first phase of 28 dwellings.
The location provides practical connectivity — easy access to Burnley town centre and the M65 — and benefits from fast broadband and excellent mobile signal. Mature woodland borders two sides of the wider site, creating a degree of privacy and a green setting for new units. Flood risk is recorded as none.
Buyers should note important local and site considerations. The neighbourhood records very high crime and sits within a very deprived wider area classification; these factors will influence rental demand, resale values and financing options. Tenure details are unknown and require confirmation. The site was originally developed in 2008 and further development should be pursued only after full commercial and planning due diligence.
For an investor or developer focused on regeneration, the package presents a low-entry-price development plot with immediate uplift potential via completion of the approved phase. Realistic appraisal of operating yields, remediation costs and local market demand is recommended before committing.
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