Corner Plot Morris Road, Newton Grange, EH22 4ST

Description

• PRIME NEW LISTING! We are excited to present this excellent 89,000 square foot plot of land, located within a prime location in Newtongrange

• 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ sold for £477,995. 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ, sold for £429,995

• Sure to appeal to investors looking for an excellent development opportunity. Plot comes with 2 options of expired planning permission

• Fantastic residential sales evidence in the area. Excellently priced plot. Impressive size of 0.83 acres based on guide

• Plot is situated in a sought after area for the development of residential property, with access to great local amenities and schools in the local area *PRIME LOCATION*

PRIME NEW LISTING! We are excited to present this excellent 89,000 square foot plot of land, located within a prime location in Newtongrange *PRIME DEVELOPMENT OPPORTUNITY*

Planning reference numbers:

Planning:16/00207/DPP - This planning permission was previously approved for the development of 12 terraced properties consisting of 8 (2 and a half storey houses - 4 bed) and 4 (2 storey houses - 2 bed). Estimated range of gross development value (GDV) for terraced property depending on spec (£300,000 to £400,000) meaning a total range for GDV of £3,600,000 to £4,800,000.

Planning:16/00809/DPP - This planning permission was previously approved for the development of 5 terrace houses (2 and a half storey houses - 4 beds) and  11 (10 x 2Bed & 1 x 3beds).

Estimated range of gross development value (GDV) for terraced property depending on spec (£300,000 to £400,000) and the estimated range of gross development value (GDV) for each flat depending on spec would be  (£175,000 to £200,000) meaning a total range for GDV of £3,425,000 to £4,200,000.

Planning permission application 16/00207/DPP was initially sought but rejected. Application 16/00809/DPP was then applied for and granted. Following this an appeal was made for application 16/00207/DPP which was approved. Both sets of planning permission have expired so the new owner of the land looking to develop would need to apply for the planning to be renewed.

The local area has shown some great sale evidence recently showing there is high demand:

11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ sold for £477,995. 11, Summerside Gardens, Newtongrange, Dalkeith, Midlothian EH22 4FQ, sold for £429,995

Plot is situated in a sought after area for the development of residential property, with access to great local amenities and schools in the local area *PRIME LOCATION*

Sure to appeal to shrewd developers looking for an excellent development opportunity.

Plot extends to approximately 0.83 acres. Impressive size for guide price. 

Sure to appeal to investors looking for an excellent development opportunity . Attractive opportunity with incredible potential for capital growth

Should appeal to shrewd investor/builder/developer looking for an adequately sized plot for development.

Location

Dalkeith is a historic town in Midlothian, Scotland, located about eight miles southeast of Edinburgh. Once known as the "Capital of Midlothian," this former royal burgh has a rich heritage dating back to the 12th century, with Dalkeith Palace serving as a former seat of the Dukes of Buccleuch and once hosting royalty including Bonnie Prince Charlie. The town sits at the confluence of the North and South Esk rivers and has evolved from its agricultural and mining roots into a thriving residential community that serves as an important hub for the surrounding area. Modern Dalkeith offers excellent transport links to Edinburgh via the A7 and the Borders Railway, making it an attractive location for commuters while maintaining its distinctive Scottish character through its historic High Street, local festivals, and the expansive Dalkeith Country Park, which surrounds the palace and provides extensive woodland walks and recreational facilities for residents and visitors alike.

Map

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Terms of Sale

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