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Our Summary
- Planning permission granted for 4 x four-bedroom townhouses
- Prime residential-led redevelopment opportunity
- Opportunity for strong developer margin and value enhancement
- Planning permission has been granted for the development of 4 substantial four-bedroom townhouses, comprising a blend of 2 high-quality conversions and 2 newly constructed dwellings
- Consented development opportunities of this scale and nature remain exceptionally limited within the city, particularly those capable of delivering both immediate implementation potential and strong end values
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Description
The property is a fully consented residential development site in a prime Portsmouth location, formerly occupied by a restaurant. The approved plan involves the development of 4 substantial four-bedroom townhouses, consisting of 2 high-quality conversions and 2 newly constructed dwellings. The design blends character retention with modern new-build accommodation to appeal to the family housing market.
The scheme offers spacious and high-specification homes with strong demand from owner-occupiers and premium renters due to Portsmouth's sustained residential growth.