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Land off Chapel Street, Newcastle-under-Lyme, Silverdale, ST5 6QA

0.29 acres / Land / Residential

For Sale

Under Offer - Last updated: 19 April 2022

The site comprises an L shaped parcel of land extending to 0.29 acres, which has been developed to varying levels. The bungalow has been built to shell with roof, windows, floor and brickwork complete. The townhouses have been built with block and beam floor, drainage connected and outer brickwork to DPC.

The site benefits from planning permission (Application 16/00088/FUL) to construct 5 x 3 bedroom, three-storey townhouses and 1 x 2 bedroom bungalow. The townhouses will comprise a lounge, kitchen diner, 3 bedrooms, bathroom and en-suite to master. The bungalow comprises a lounge/kitchen diner, 2 bedrooms and bathroom. Each plot will come with 2 x parking spaces.

The site represents a great opportunity to finish off a development in a popular residential location in Silverdale.

Location

The site has frontage to Church Street and side on to Chapel Street, where similar newbuild property already exists. The location is a 10 minute walk from the popular walking location of Silverdale Country Park.

Accommodation

Using Ordnance Survey ProMap we calculate the site to extend to 0.29 acres.

Terms

Available freehold, subject to contract.

Specification

PLANNING PERMISSION

On the 3rd February 2016 Newcastle-under-Lyme borough Council granted full permission (Application no: 16/00088/FUL) to build proposed housing development of 6 dwellings.

 

GROSS DEVELOPMENT VALUE

The scheme comprises the following

5 x 3 bed townhouses

1 x 2 bed bungalow

The agents estimate that the 3 bedroom townhouses should achieve £180,000 and the bungalow £190,000.

The above generates a GDV in the region of £1,090,000.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Residential Development Opportunity For Sale Freehold NA NA

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Agency Team

Rory Mack Associates Ltd

01782 365492



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