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House for sale
144 Motherwell Road, Bellshill, North Lanarkshire, ML4 2LB
£140,000
144 Motherwell Road, Bellshill, North Lanarkshire, ML4 2LB
£140,000
Our Summary
- Incredible development opportunity with planning approved on Motherwell Road Bellshill
- 144 Motherwell Road had planning approved for conversion of the site into a luxury six bedroom family residence
- The property was recently fire damaged and so some alterations may need to be made with the planning authority to the planning application however it presents a blank canvas to put your own stamp on the redevelopment
- Preliminary discussions with the local council have indicated support in principle for an alternative scheme to demolish the existing house and develop two side-by-side four-bedroom homes, either detached or semi-detached, subject to formal planning approval - giving buyers the flexibility to pursue the option that best suits their vision
- Investment opportunityPlanning approved- open to changes10 minutes from Glasgow city centre Potential rental income of £34,000+ per annumThriving residential areaHigh demand locally for housing
- Investment opportunity
- Planning approved- open to changes
Description
This incredible development opportunity in Bellshill, Scotland, presents a blank canvas for a luxury family residence or two separate four-bedroom homes. The site, located on Motherwell Road, has planning approval for a six-bedroom family home, but also has potential for an alternative scheme to demolish the existing house and develop two side-by-side four-bedroom homes, either detached or semi-detached. The property is situated just 10 minutes from Glasgow city centre and has excellent public transport links, making it a popular destination for commuters. The area has a high demand for housing, with local sales data indicating that similar properties in the area have sold for upwards of £430,000. Additionally, the rental market is thriving, with four-bedroom houses renting for an average of £1,457 per month, providing a potential monthly return of £2,914 or £34,968 per annum for the developed site.