A plot containing nothing
but a wooden bench overlooking Three Cliffs Bay
on the Gower Peninsula
in South Wales is being offered for auction
with a guide price of £500,000.
Although there is
currently nothing else on the plot it was previously the site of a wooden cabin
– known as The Cabin – which was demolished several years ago. The previous
existence of a building here means that the plot comes with the benefit of
planning permission to build a three bedroomed bungalow which would most likely
not otherwise have been granted in such a location.
Detached properties in
this location frequently command a sale price of £1m-£2m.
Selling agents Fine &
Country in Swansea
comment: “The Cabin will not fail to impress you, from the moment you step into
the grounds you feel like you have just entered a different land. This
spectacular location offers a superb chance to purchase a development
opportunity. It’s just a stone throw away from the intoxicating, award-winning
beach of Three Cliffs Bay
and steps away from Gower coastal and countryside paths.
“The grounds have approved full planning for a lovely three-bedroom detached
bungalow, master bedroom with en-suite, two additional generous size double
bedrooms, open plan lounge/kitchen/diner and sun room. The Cabin would be a
perfect spot for a holiday home or a seaside residence, with astonishing sea
views to take advantage of.”
location is an oft-heard adage in property and it is certainly true in this
case. However, it also illustrates the value that planning consent can add to a
plot of land.