Initial price	£195,000
15/01/25	£185,000
Price Change	-5.13%

This is a prime development opportunity in Swalwell, a suburb of Gateshead, with full planning permission for the construction of eight two-bedroom apartments. The site, which is approximately 0.21 acres, has frontage to Clavering Road and is close to the Metro Centre and the A1 Western Bypass, offering excellent transport links. The development is expected to have a gross development value of £1.1 million, with a rental expectation of £800-£850 per month per apartment. The build cost is estimated to be around £600,000. The site is subject to an overage agreement and a S106 agreement, and is not subject to VAT. The freehold interest is being sold, and the property is being marketed by The Agent of the North.