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Land
Salters Lane, Redditch B97
Land Planning
£525,000
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Our Summary
- The site previously benefited from planning consent for the development of seven residential dwellings, which has now lapsed (Ref 22/00176/OUT)
- A reapplication will be required, offering purchasers the potential to tailor a scheme to their own specifications, subject to the necessary approvals
- 45-acre plot presents an excellent development opportunity, currently comprising two semi-detached properties with potential for redevelopment
- The site offers scope for a scheme of multiple dwellings, with an estimated minimum GDV of approximately £2,000,000 and potential for further uplift, ideally situated within close proximity to Redditch Town Centre
- An illustrative layout has been prepared to demonstrate how the site could be developed
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Description
The property is a 0.45-acre parcel of land that currently comprises two semi-detached properties. It previously had planning consent for a development of seven residential dwellings, which has lapsed, and a reapplication would be required. The site offers potential for redevelopment and has an estimated minimum gross development value (GDV) of around £2,000,000.