Initial price	£60,000
13/12/24	£55,000
Price Change	-8.33%

This fantastic develop opportunity is located in a prime location in Saltburn-by-the-sea, offering approximately 1/8th of an acre of land with potential to build 1-2 generously sized homes, subject to necessary planning and consents. The property has previously been used as a static caravan and septic tank, and has the potential to be developed further into a car garage or service station. With great sales evidence to support, this plot is sure to appeal to a shrewd developer. The area has a high demand for holiday retreats and is situated next to Margrove Park with fantastic transport links to Newcastle and Leeds. The property could achieve a gross yield of 46.45% based on an occupancy rate of 70% and a guide price of £55,000, making it a potentially high-yielding investment opportunity.