Land For Sale £500,000
Land opportunity with planning permission granted
Introducing an opportunity for investors and developers alike, a plot of land boasting full planning permission for the construction of 11 houses. Previously known as The Silver Fox Pub/Hotel, this development opportunity is situated in the popular area of Stocksbridge, close to Fox Valley Shopping Centre.
The enticing proposed scheme offers developers and investors the opportunity to capitalise on the growing rental market. The concept of build-to-rent is rapidly gaining popularity, and this plot lends itself perfectly to such a venture.
The granting of planning permission for the development of 11 houses (reference number 21/04832/FUL) reduces the time and effort required for the commencement of construction.
Stocksbridge has been subject to substantial growth in infrstaurutre for residential, commercial and leisure developments and has become a hot spot for investment. With further untapped potential in the recent approval of the Towns Fund Project presenting investment of £26million into the high street. Stocksbridge continues to offer increased house prices and a brilliant outlook for any mid-sized house builder.
The current planning at Silver Fox has a GDV opportunity of circa £2.8million with potential to improve these figures with further development constancy (estimated and subject to market conditions).
For further information please contact the Redbrik Land and New Homes for guidance on estimated rental and sale figures.
