Plot for sale
Key information
Property description & features
- Tenure: Freehold
- To be sold under auction terms
- Two development plots
- Planning for two detached bungalows
- Highly disirable area
- Lucurative development opportunity
TO BE SOLD BY ONLINE AUCTION ON 22ND JANUARY 2025
Land at 33 Augustus Drive and 32 Centurian Way
An excellent opportunity to acquire two freehold development plots with full planning permission for the construction of two stylish bungalows in a sought-after area.
Located in a highly desirable residential area, the plots are within easy reach of Bedlington town centre, offering a variety of shops, cafes, and local amenities. The area is well-connected, with excellent transport links providing easy access to Newcastle, Morpeth, and surrounding towns, making it a prime location for development.
The plots benefit from planning permission for two well-designed detached bungalows. One is a two-bedroomed with a hall, lounge, kitchen, dining room, and bathroom. The second, a three-bedroomed with a hall, lounge, kitchen, and bathroom. Both with generous gardens, driveways and detached garages. Planning ref - 23/03721/FUL
Similar properties in the area command strong prices, with modern three-bedroom properties on commanding upwards of £220,000, while new-build properties are expected to achieve in the region of £265,000 upwards.
Rental demand remains robust in the vicinity, with anticipated annual rental income in the region of £900 - £1000 pcm.
These plots offer excellent potential for builders, developers, or investors seeking a rewarding project in an area with strong demand for bungalows.
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