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2 bedroom property with land for sale
Land at The Stables at 100 Margrove Park, Saltburn-by-the-sea, TS12 3BY
£55,000
Land at The Stables at 100 Margrove Park, Saltburn-by-the-sea, TS12 3BY
£55,000
Our Summary
- *** GUIDE PRICE £55,000 *** Property comes with approximately 1/8th of an acre of land and has potential to build 1 - 2 generously sized homes, subject to necessary planning and consents
- With great sales evidence to support *** SURE TO APPEAL TO A SHREWD DEVELOPER *** *** 84, Margrove Park, Boosbeck, Saltburn-by-the-sea, Redcar and Cleveland, TS12 3BY Sold for £139,999 in November 2023, 64, Margrove Park, Boosbeck, Saltburn-by-the-sea, Redcar and Cleveland, TS12 3BY Sold for £135,000 in August 2023 *** Land has scope to be developed further, with existing residential properties nearby, and demand for holiday retreats
- *** PRIME DEVELOPMENT OPPORTUNITY *** Property could achieve £100 per night if run as a serviced accommodation, generating an annual income of £25,550 or a gross yield of 46
- Subject to the necessary planning and consents
- *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY *** We are excited to present this FANTASTIC DEVELOP OPPORTUNITY located in a PRIME Location of Saltburn-by-the-sea
- *** GUIDE PRICE £55,000 *** Plot currently consists of a well equipped, 2-bedroom static caravan fitted with a septic tank and 1/8th of an acre of land which has the potential to be used for a variety of uses
- *** POTENTIALLY HIGH YIELDING INVESTMENT OPPORTUNITY *** Property comes with approximately 1/8th of an acre of land and has potential to build 1 - 2 generously sized homes, subject to necessary planning and consents
- With great sales evidence to support *** SURE TO APPEAL TO A SHREWD DEVELOPER *** *** 84, Margrove Park, Boosbeck, Saltburn-by-the-sea, Redcar and Cleveland, TS12 3BY Sold for £139,999 in November 2023, 64, Margrove Park, Boosbeck, Saltburn-by-the-sea, Redcar and Cleveland, TS12 3BY Sold for £135,000 in August 2023 *** Land has scope to be developed further, with existing residential properties nearby, and demand for holiday retreats
- *** PRIME DEVELOPMENT OPPORTUNITY *** Plot has vast potential to be developed further into a car garage or service station, subject to necessary planning and consents
- *** RARE AUCTION PROPERTY *** Excellent sales within the area showing that it is a desirable and appetising area: *** 84, Margrove Park, Boosbeck, Saltburn-by-the-sea, Redcar and Cleveland, TS12 3BY Sold for £139,999 in November 2023, 64, Margrove Park, Boosbeck, Saltburn-by-the-sea, Redcar and Cleveland, TS12 3BY Sold for £135,000 in August 2023 *** Sure to appeal to a variety of buyers
- Attractive opportunity, subject to researching and regaining necessary planning permission
- This land is offered at a fantastic price to ensure an Auction sale
- The land will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This fantastic develop opportunity is located in a prime location in Saltburn-by-the-sea, offering approximately 1/8th of an acre of land with potential to build 1-2 generously sized homes, subject to necessary planning and consents. The property has previously been used as a static caravan and septic tank, and has the potential to be developed further into a car garage or service station. With great sales evidence to support, this plot is sure to appeal to a shrewd developer. The area has a high demand for holiday retreats and is situated next to Margrove Park with fantastic transport links to Newcastle and Leeds. The property could achieve a gross yield of 46.45% based on an occupancy rate of 70% and a guide price of £55,000, making it a potentially high-yielding investment opportunity.