Initial price	£75,000
03/02/25	£55,000
15/03/25	£54,000
15/05/25	£65,000
Price Change	-13.33%

This 1-acre plot in Armadale, North Lanarkshire, offers a unique development opportunity for a shrewd developer or investor. With planning permission approved for a 4-bedroom dwelling, the property has the potential to generate a gross income of £73,000 per annum as a serviced accommodation or short-term let. The plot is situated in a sought-after area with excellent transport links to major central business districts, making it appealing to commuters. The local sales evidence suggests that the area is desirable, with recent sales of similar properties achieving high prices. The plot is being offered at a guide price of £75,000, with the potential for a GDV of circa £650,000 upon acceptance of planning permission. This is an attractive opportunity for a developer or investor looking for a high-yielding project.