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SOLD STC

Penistone Road, Middlesbrough

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

Plot

SIZE

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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

Approximate location

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 1

Honest, Professional, Personable, Pro-active, Focused, Mature, Dedicated, Proven ... just some of the words that sum up our business and team members perfectly. Having opened our doors for the first time in August 2021 we have consistently delivered on our promises to our Vendors that we will sell their property fast and for 'Best Price' ever since. We are massively strong in the investor market with a contact list of buyers and sellers built up over decades. We can proactively source our buying clients properties exactly matched to their personal criteria, likewise we can find suitable proceedable buyers for all types of properties may they be large or small, refurbished or derelict . From our Middlesbrough base we have contacts throughout the North East.

When it comes to selling peoples homes, no one is just a number to us. We know how important it is to those involved, and we fully appreciate the stress and worry often involved. That is where we come into our own. We don't do the bare minimum, ever. We go above and beyond on a daily basis to ensure we take as much weight off our clients shoulders as possible and achieve the goals set out. We take every situation on its own merits, as moving home / selling a property is not always a cause for celebration it can be a cause of sadness. We will handle every situation accordingly. We love it when a client entrusts us with their business!

Notes

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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.