Development | Planning Granted

This freehold development site spans 0.63 acres and presents a remarkable investment opportunity in Midsomer Norton, Somerset. Currently featuring a range of derelict structures, the site benefits from planning permission for 11 residential units comprising houses and flats, with an expected gross development value (GDV) of £2.605 million. The granted plans allow for the demolition of existing buildings to make way for new constructions, including six ground floor flats, three semi-detached houses, and two first-floor flats. With no affordable housing provision required and community amenities just a stone's throw away, this project not only promises lucrative returns but also enhances local housing options. Interested investors should conduct thorough due diligence via the legal pack available online to fully understand the potential and obligations related to the development process.