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Somerby Road, Pickwell, Melton Mowbray Plot for sale
Somerby Road, Pickwell, Melton Mowbray
£795,000
Somerby Road, Pickwell, Melton Mowbray
£795,000
Our Summary
- A rare and unique opportunity to acquire this superb residential development, having been the subject of complete and full planning approval and amendments
- Planning Permission Number: 22/01153/VAC the properties will be in a conservation area offering striking and attractive appearance, in keeping with the village properties surrounding and it is assumed will be built to a high standard and specification throughout
- The vendor requires that the site is built out and completed in accordance with the improved planning permission and drawings
Description
This rare opportunity presents a chance to acquire a 0.5-acre plot of land with complete planning approval for five superior two-storey cottages in a conservation area. The site has undergone significant preparation, including the installation of hardcore roads, drainage, electricity, and water infrastructure. The vendor has already spent considerable sums on the site and is looking for a developer to build out the properties in accordance with the improved planning permission and drawings. The estimated gross development value is around £2.4 million, with each two-bedroom cottage valued at £475,000 and the three-bedroom cottage at £500,000. The vendor is seeking a buyer who will complete the development and has already received local interest from potential buyers. The site is available for immediate construction, with a 106 Agreement in place at a cost of £59,000.