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Prime Building Plot, Heol Spencer, Coity, Bridgend

Wales

£300,000
Listed on 10/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This residential building plot presents a unique opportunity for those looking to invest in a promising location with established planning permissions. The site is earmarked for a detached four-bedroom family home, offering significant renovation potential or the possibility to create a new build that aligns with modern living standards. Nestled in a tranquil and secluded area off Heol Spencer, the plot accesses a shared driveway that adds an element of privacy while maintaining convenience. This generous land currently serves as garden space within the grounds of Carreg Llwyd House, providing a serene setting away from the hustle and bustle yet remaining easily accessible. The location is particularly appealing, situated just one mile north of Bridgend Town Centre and close to Junction 36 of the M4 Motorway at Sarn Park Interchange. The surrounding village of Coity is known for its charm and community spirit, making it an attractive prospect for families or investors alike. Additionally, the plot offers partial views of Coity Castle and St. Mary’s Church, enhancing its appeal as an ideal setting for future development. With detailed planning consent already in place under Reference P/22/839FUL, prospective buyers can seamlessly move forward with their construction plans. Documentation regarding this planning can be conveniently found on Bridgend County Borough Council's planning portal. The sale includes freehold tenure, ensuring full ownership and vacant possession upon completion. The seller retains ownership of the shared driveway but has committed to providing necessary access agreements for future development. This arrangement not only secures access but also adds clarity to ownership responsibilities moving forward. Investors should recognize the substantial potential this property offers—situated in a desirable area with ready-to-go permissions—it presents an outstanding opportunity to create value through thoughtful development.

Investment Analysis

(CF35 area)
Area Average
£262/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (CF35)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 4.1%
5 year growth: 25.9%
Investment Disclaimer: Analysis based on CF35 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE