Plot for sale

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Plot for sale

Land at Augustus Drive and Centurian Way, Bedlington
£50,000

Our Summary

  • TO BE SOLD BY ONLINE AUCTION ON 22ND JANUARY 2025
  • An excellent opportunity to acquire two freehold development plots with full planning permission for the construction of two stylish bungalows in a sought-after area
  • The area is well-connected, with excellent transport links providing easy access to Newcastle, Morpeth, and surrounding towns, making it a prime location for development
  • The plots benefit from planning permission for two well-designed detached bungalows
  • Planning ref - 23/03721/FUL
  • These plots offer excellent potential for builders, developers, or investors seeking a rewarding project in an area with strong demand for bungalows

Description

This property is a rare opportunity to acquire two freehold development plots with full planning permission for the construction of two stylish bungalows in a highly desirable residential area. The plots are located within easy reach of Bedlington town centre and offer excellent transport links to Newcastle, Morpeth, and surrounding towns. The planning permission is for two well-designed detached bungalows, one with two bedrooms and one with three bedrooms, both with generous gardens, driveways, and detached garages. Similar properties in the area command strong prices, with modern three-bedroom properties selling for upwards of £220,000 and new-build properties expected to achieve £265,000 or more. The rental demand in the area is also robust, with anticipated annual rental income of £900-£1000 pcm. This presents an excellent opportunity for builders, developers, or investors to create a rewarding project in an area with strong demand for bungalows.
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