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Pochin Development Site

Wales

£85,000
Listed on 19/06/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This property offers a unique blend of potential and location, making it an intriguing opportunity for renovation or investment. Nestled in a sought-after neighborhood known for its scenic beauty and accessibility, the site is conveniently situated near essential local amenities, educational institutions, and transport connections. The existing three-bedroom house presents a solid foundation for modernization. With some thoughtful renovations, this space can be transformed into a contemporary home that reflects the owner's style. Additionally, the property boasts stunning mountain views, which add significant appeal and value when considering any enhancements. One of the standout features of this property is the secured planning consent for the development of twelve detached homes. The approved designs allow for flexibility in layout and style, giving potential buyers the chance to tailor their projects according to personal preferences or market demands—pending necessary adjustments to planning applications. Access to the site is already established via an existing road, simplifying construction efforts while ensuring ease of future access for residents. Given the high demand for quality housing in this area, there is substantial investment potential here; developing these properties could yield significant returns. For those interested in exploring this opportunity further, we can arrange site visits and provide comprehensive information about design options within the scope of approved planning permissions. This property represents not only a chance to create a distinctive living space but also to participate in a prestigious development project within an exceptional setting.

Investment Analysis

(NP22 area)
Area Average
£154/sq ft

Renovation Potential

Est. Renovation Cost
£8,500 - £21,250
10-25% of property value
Monthly Sales
14
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NP22)

Area prices are rising by +8.4% over the last 12 months
3 year growth: 9.4%
5 year growth: 44.5%
Investment Disclaimer: Analysis based on NP22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Pochin Development Site
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