This prime development site in Kings Cross, London, offers a rare opportunity to build a new property in a highly sought-after location. The site, which covers approximately 0.0623 acres, previously had planning consent for 13 new-build flats in a five-story building with a basement. Although the previous excavations and footings were filled in, the site still presents a significant cost savings opportunity. With premium property values in the area, the developer can expect to achieve a similar pound per square foot as a recent adjacent development, which sold for £1,031.27 per sq ft. Based on this, the resale value of the new scheme could be in the region of £8,750,000, subject to planning.