Cliff Top Bench Plot Goes On Sale For £500,000

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, location, 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.

Source Fine & Country
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