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Margrove Park, Saltburn
Margrove Park, Saltburn-by-the-sea TS12
£55,000
Margrove Park, Saltburn-by-the-sea TS12
£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 plot has scope to be developed further, with existing residential properties nearby and demand for holiday retreats. With fantastic transport links to Newcastle and Leeds, the land is situated next to Margrove Park, a charming hamlet surrounded by lush woodlands and open green spaces. The property currently consists of a well-equipped, 2-bedroom static caravan fitted with a septic tank, and could achieve £100 per night if run as a serviced accommodation, generating an annual income of £25,550 or a gross yield of 46.45%. The guide price is £55,000, making it a potentially high-yielding investment opportunity.