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Studio, in Penistone Road, £475,000
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Land

Penistone Road, Middlesbrough TS3
Land Planning
£475,000

Our Summary

  • Planning Reference ; 23/0452/MAJ
  • A development site located in the east of middlesbrough with planning passed for A total of 18 single storey semi detached bungalows (with A gia of 72 sqm) to be built on the former 'park end pub' site within middlesbrough' park end area of the TS3 postcode

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Description

The development site, formerly the "Park End Pub", is located in the Park End area of Middlesbrough, near Ladgate Lane, which provides access to Ormesby, Marton, and the A174/A19 roadlinks. The site has planning permission for 18 single-storey semi-detached bungalows, each with an open-plan living space, two bedrooms, and a bathroom. The bungalows will have gardens to both front and rear, as well as off-street parking.

The development is expected to cater to the strong demand for bungalows in the area, where there is a relatively short supply. With a gross development value (GDV) of around £2,880,000, this development has significant potential for investors and developers.