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Penistone Road, Middlesbrough

Offers in Region of
£475,000
Progression Property, Middlesbrough
PROPERTY TYPE

Plot

SIZE

948 sq ft

88 sq m

FLOORPLAN.jpg
1

Key features

  • A site which is expected to get interest from both social housing providers and private developers
  • It is felt that there is a demand for Bungalows within Middlesbrough which is currently larger than the available supply, in both the social housing and private owner markets.
  • The Vendor expects that the value of each completed Semi Detached Bungalow to be circa £160,000 (depending on market conditions and economic climate at that time)
  • The vendors are open to discussing a Joint Venture with any reputable and experienced builders / developers;
  • ** A LARGE AMOUNT OF FURTHER INFORMATION IS AVAILABLE TO THOSE WHO CAN DEMONSTRATE A FINANCIAL ABILITY TO PROCEED - INDLUDING SITE SURVEYS AND VARIOUS QUOTES **
  • As evr we advise anyone showing interest to do their own due diligence on 'end product' prices
  • Planning Reference ; 23/0452/MAJ

Description

A DEVELOPMENT SITE LOCATED IN THE EAST OF MIDDLESBROUGH WITH PLANNING PASSED FOR A TOTAL OF 18 SINGLE STOREY SEMI DETACHED BUNGALOWS (WITH A GIA OF 72 SQM) TO BE BUILT ON THE FORMER 'PARK END PUB' SITE WITHIN MIDDLESBROUGH' PARK END AREA OF THE TS3 POSTCODE. THE SITE IS LOCATED CLOSE TO LADGATE LANE WHICH PROVIDES ACCESS TO BOTH ORMESBY, MARTON & THE A174 /A19 ROADLINKS (AMONGST OTHER) AS WELL AS TO MIDDLESBROUGH TOWN CENTRE WHICH IS SAT AOUND 2.5 MILE FROM THIS SITE. EACH BUNGALOW AS PER ATTACHED FLOORPLAN, HAVE OPEN PLAN LIVING SPACE TO THE FRONT WHICH INCORPORATE BOTH THE LOUNGE AND DINING AREA AS WELL AS THE KITCHEN WHICH WILL BE TO THE REAR OF THIS OPEN PLAN LIVING SPACE. BEYOND WHICH ARE TWO BEDROOMS & A BATHROOM. WITH GARDENS TO BOTH FRONT & REAR & OFF STREET PARKING WE FEEL THAT THIS DEVELOPMENT WILL CATER FOR WHAT IS A STRONG CURRENT DEMAND FOR BUNGALOWS WITHIN THE AREA IN GENERAL.
THERE IS A POTENTIAL GDV OF £2.88M UPON COMPLETION OF THE SITE, BASED ON SOME COMPARABLES.

Brochures

Penistone Road, MiddlesbroughBrochure

Penistone Road, Middlesbrough

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Marton Station0.5 miles
  • Gypsy Lane Station1.4 miles
  • Nunthorpe Station1.9 miles

About Progression Property, Middlesbrough

329 Linthorpe Road, Linthorpe, Middlesbrough, TS5 6AA
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

It is clear what property owners want when they decide to put their property ?up for sale?. A prompt sale, for ?the best price?, and they want it to be as relaxed and stress free an experience as possible. We understand this and strive to deliver exactly that.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 33748728. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Progression Property, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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