Housing development site with planning permission set for auction

A Cradley Heath housing development site with planning permission is to go under the hammer in Bond Wolfe’s September auction.

Planning permission has been granted for 13 two-bedroomed apartments and two three-bedroomed houses on the one acre site, which will go under the hammer on September 15 with a £450,000 price tag.

This freehold residential development opportunity is adjacent to the Compton Grange care home and borders Whitehall Road and St Annes Road in Cradley Heath.

Colin Totney, land and development specialist at Bond Wolfe, said: “At a time when demand for new homes continues to far outstrip the supply, this site offers a superb opportunity for a housebuilder or developer.

“The site has already been through a thorough planning process to come up with the existing proposal for 13 apartments and two houses. With house prices surging in the area over the last year, we expect fierce bidding for the opportunity to develop this prime plot of residential land.”

Outline planning permission for the project was granted by Sandwell Council planners in 2020, with final design details submitted last year.

Totney added: “With our livestreamed property auctions we are attracting interest from investors from across the UK and overseas, as well as from the West Midlands. Developer and builders are looking for the right site at the right price, and they know that is what they will find at our auctions.”