Initial price	£500,000
20/09/24	£450,000
Price Change	-10.00%

A freehold 1-acre development site with planning permission to build five houses in the village of Brockweir Mill, near Tintern, is being sold by live online auction on October 16th, 2024. The site, which includes an existing mill building and stream, offers stunning rural views of the valley and is located just moments from the River Wye and Tintern Abbey. The planning permission allows for the construction of five houses with 12 parking spaces, and the site is expected to be worth between £2.75m and £3.125m. The development opportunity is rare in this highly sought-after location, with new build homes in the area typically selling for between £550,000 and £625,000. The site is being sold with vacant possession and comes with the benefit of no Section 106 requirement or CIL payment. Interested parties can register to bid online and participate in the live auction, which will be streamed on the Hollis Morgan website.