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 plot has scope to be developed further, with existing residential properties nearby and demand for holiday retreats. With fantastic transport links to Newcastle and Leeds, the land is situated next to Margrove Park, a charming hamlet surrounded by lush woodlands and open green spaces. The property currently consists of a well-equipped, 2-bedroom static caravan fitted with a septic tank, and could achieve £100 per night if run as a serviced accommodation, generating an annual income of £25,550 or a gross yield of 46.45%. The guide price is £55,000, making it a potentially high-yielding investment opportunity.