Initial price	£400,000
18/12/24	£375,000
Price Change	-6.25%

A freehold development site in Castle Cary, Somerset, is being sold at a live online auction on February 12th, 2025. The site, formerly the gardens of The Red House, has planning permission granted to build three large detached houses with parking and gardens. The properties will have a total GDV of £2.25m-£2.4m, with each house valued at £750,000-£800,000. The site has a shared driveway and vehicular access from Cumnock Road and will be sold with vacant possession. The development will include a phosphate mitigation scheme, and the vendors have sourced and paid for phosphate credits. The auction will be streamed live online, and bidders can register in advance to participate.