Freehold 0.2 acre site with planning for seven two‑bed terraces — auction sale, developer interest preferred..
Freehold development plot circa 0.2 acres (0.08 ha)
Planning permission for seven two‑bed terrace houses (Ref DC/23/68934)
Associated parking included in the approved scheme
Vacant site — ready for development after conditions discharged
Sold at auction; purchasers responsible for CIL and planning conditions
Area classed very deprived with very high recorded crime — affects values
A freehold development parcel of circa 0.2 acres with full planning permission (Ref DC/23/68934) for seven two-bedroom terraced houses. Permission covers a terrace of four houses fronting Ridding Lane and a terrace of three houses fronting Addison Street, with associated parking; the consent was granted by Sandwell Metropolitan Borough Council on 18 April 2024 and is subject to standard conditions and CIL. The site is vacant and offered for sale by auction.
This plot will suit developers or property investors targeting entry-level family homes or rental stock in a major conurbation. The location is around 0.25 miles from Wednesbury town centre and provides quick access to the M6 (J9 approximately 1.25 miles), with excellent mobile signal and fast broadband—practical advantages for future occupants and lettings. Several local primary and secondary schools nearby have Good Ofsted ratings, supporting family demand for two-bedroom homes.
Buyers should note material considerations: the immediate area is classified as very deprived with very high recorded crime levels, which will influence sales values and lettability in some market segments. The planning consent is a revision to a previous approval and is subject to conditions and CIL liability; purchasers must review the legal pack and planning conditions prior to bidding. The sale is at auction, so timelines are condensed and due diligence should be completed in advance.
Overall this is a straightforward small-scheme development opportunity with planning in place and good transport connectivity. It presents potential for a quick delivery of seven homes, but investors should factor in local socio-economic challenges and planning obligations when assessing projected returns.