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Prime Building Plot, Heol Spencer, Coity, Bridgend

Wales

£300,000
Listed on 09/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This residential building plot offers a unique opportunity for renovation and investment, featuring detailed planning permission for the construction of a spacious detached four-bedroom family home. Nestled in a peaceful and private setting off Heol Spencer, the plot benefits from access via a shared driveway, ensuring both seclusion and convenience. Located in the desirable village of Coity, approximately one mile north of Bridgend Town Centre and just south of Junction 36 (Sarn Park Interchange) of the M4 Motorway, this property is ideally situated for those seeking a balance of tranquility and accessibility. The plot itself currently serves as garden land within the grounds of Carreg Llwyd House, providing an appealing backdrop with partial views of historical landmarks such as Coity Castle and St. Mary’s Church. The available building plot comes with detailed planning consent under Planning Reference P/22/839FUL, allowing prospective buyers to realize their vision for development swiftly. Full planning documentation can be accessed through Bridgend County Borough Council’s planning portal, facilitating informed decisions for interested investors. With shared ownership of the driveway retained by the seller, plans include provisions for a necessary turning head to enhance access. This freehold property is offered with full vacant possession, making it an attractive proposition for developers aiming to create a substantial family residence in a sought-after location. Investment opportunities abound in this rising area, where local amenities are easily accessible and community spirit thrives. With careful consideration and creative design, this plot could yield significant returns while contributing to the character and charm of Coity. Viewing is available strictly by appointment only through exclusive agents.

Investment Analysis

(CF35 area)
Area Average
£269/sq ft

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Monthly Sales
16
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (CF35)

Area prices are falling by +2.9% over the last 12 months
3 year growth: 7.2%
5 year growth: 27.9%
Investment Disclaimer: Analysis based on CF35 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

Prime Building Plot, Heol Spencer, Coity, Bridgend
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