Agent
5 days ago
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Development Opportunity in Wales with Planning

Area: Neath Port Talbot
Block of Flats
£200,000
Bedrooms: 11
Bathrooms: 7
Market Status: OFF MARKET
Property Purchase Price: £200,000
Price Negotiable?: YES
Gross Yield: 7.39
Sourcing Fee (including VAT): £10,000

Located in South Wales, this is a fantastic development opportunity that includes planning permission for the demolition of an existing derelict 3-storey building. It will be replaced by a 3-storey apartment building that comprises 4x 2B Apartments, 2x 1B apartments, and a 2B Detached building. The planned site also features off-street car parking for each dwelling. This proposed site offers an excellent opportunity for any investor to flip, rent out individually, or use as serviced accommodation.

 

The site is situated alongside the picturesque Welsh countryside in Gwuan-Cae-Gurwen. The area has everything that prospective tenants/buyers would need, and it is located within proximity to larger towns. Moreover, it is just a half-hour drive from Swansea city centre.

The rent for 2B Apartments is based on £600pcm, £500pcm for 1B Apartments, and £700pcm for the 2B Detached house. The estimated development costs for this project are around £450,000.

 

This is an excellent opportunity for any prospective investor to develop a series of modern, high-spec dwellings, situated amidst the charm of the Welsh countryside. It offers easy access to surrounding towns and cities, making it an ideal choice for anyone looking to invest in this area.

Features

Off-Street Parking
Undeveloped Land
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PICNW
Member since: 3 years
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260 Dewsbury Road, Wakefield, WF2 9BY
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