Plot for sale

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Plot for sale

Worcester Street, Gloucester
£250,000

Price History

Initial price £500,000
29/08/25 £485,000
12/09/25 £250,000
Price Change -50.00%

Description

A rare opportunity for development in Gloucester City Centre has been granted planning permission for a 14-apartment building spread over four floors, with a courtyard area and bin and bike store. The property is located in a prime spot, close to Gloucester Train Station, the Forum development, and Gloucester Quays. The planning permission is subject to conditions and allows for the demolition of existing buildings to make way for the new development. The estimated GDV is £2,170,000, with valuations expected in September 2025. The asking price is £485,000, and the seller is open to flexible purchase terms, including an initial payment and a balance to be settled on completion of the build. The seller is also willing to consider including a demolition option as part of the sale, making this an excellent opportunity for buyers seeking flexibility in acquisition and development planning.