Land For Sale in Mumbles Wales
Building Plot In the Mumbles with sea views
The site is set amid detached homes with a mixture of traditional and new. Rarely will a site such as
this is offered for sale in this much sought after area of Mumbles. It is within walking distance to
mumbles high street and a short distance to the beautiful beaches of Caswell and Langland bays.
The site is relatively flat. It is elevated around 3 feet from ground level . There is a planning obligation which will have to be met which consists of two parking spaces will have to be provided
for the existing house and as the road is not adopted the buyer will have to provide a new
carriageway and be responsible to tarmac to the centre of the highway.
Investment & Exit Routes
Rentals are strong within this highly sought after area. A detached 4 bedroom home should fetch between £1000 - £1200 pcm.
The site has sea views therefore it would be recommended to build
something special with balconies.
The area has a strong ready rental market, they lend themselves to creating a strong portfolio .
From a resale perspective this type of portfolio has a number of key points which would be attractive to an investor.
. High Yield
. Stable rental base with proximity of major employer and mobility of employees creating a vibrant rental market.
. Strong resale market to owner occupiers
. No issues with over development and supply of new build stock in area.
. Strong demand for quality modern housing in area.
Vendor and Contract terms
Administrator requires proof of funds prior to acceptance, a number of parties are bidding on the
site and the attached offer is indicative of the level required at present to purchase the site.
Completion based on offer with deposit with completion thirty days thereafter.
Site Assessment of land in Summerland Lane, Newton, Mumbles, Swansea.
Price: £149,950
End value if something special were built has been valued around the £420,000 price guide.
Planning Advice
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