This property presents a compelling opportunity for developers looking to tap into the residential market in Worsbrough Dale, Barnsley. With full planning permission already granted for the construction of five one-bedroom bungalows, this site is poised for immediate development. The advantageous corner plot, located at the end of a junction, features a natural slope that could enhance the design possibilities of the project, catering to the growing demand for single-storey living arrangements among downsizers and individuals seeking low-maintenance homes.
The estimated resale value for each unit is around £175,000, contributing to a potential Gross Development Value (GDV) of approximately £875,000 once completed. Given the estimated development costs around £515,000, there lies an attractive projected gross profit margin of about £360,000. This makes it an appealing choice for local and regional developers who prefer manageable projects in proven residential areas.
Worsbrough Dale benefits from established amenities and transportation links while still offering access to green spaces—the perfect backdrop for future residents. With consistent demand in this area for modern bungalows, this development project holds significant promise.
