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Our Summary
- Full planning permission for 5 x 1-bedroom bungalows
- Development Opportunity - Bank End Road, Worsbrough Dale, Barnsley An excellent opportunity to acquire a residential development site with full planning permission for the construction of five 1-bedroom bungalows in the popular and well-established area of Worsbrough Dale
- Key Features: Full planning permission for 5 x 1-bedroom bungalows Estimated resale values of circa £175,000 per unit Strong local demand for smaller, single-storey accommodation Attractive end-of-junction position Scope for a distinctive, well-designed scheme Established residential location with good local amenities and transport links Investment Highlights: Based on current market conditions, the completed scheme has an estimated Gross Development Value (GDV) of approximately £875,000
- Estimated build and development costs are in the region of £515,000, offering a projected gross profit of approximately £360,000 This represents an appealing opportunity for developers seeking a manageable, small-scale project in a proven sales location
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Description
The property is a residential development site with full planning permission for the construction of five 1-bedroom bungalows on a corner plot at the end of a junction in Worsbrough Dale, Barnsley. The site is positioned on a natural slope and has an attractive setting, making it suitable for a thoughtfully designed scheme that could appeal to the local downsizer and single-occupancy market. The development has an estimated resale value of £175,000 per unit and is in a location with strong local demand for smaller, single-storey accommodation.