Cradley Heath housing development site with planning permission to go under the hammer in Bond Wolfe’s September auction

This freehold residential development opportunity is adjacent to the Compton Grange care home and borders Whitehall Road and St Annes Road in Cradley Heath. It is listed for auction with a guide price* of £450,000+.

Colin Totney, land and development specialist at Bond Wolfe, said: “At a time when demand for new homes continues to far outstrip the supply, this site offers a superb opportunity for a housebuilder or developer.

“The site has already been through a thorough planning process to come up with the existing proposal for 13 apartments and two houses. With house prices surging in the area over the last year, we expect fierce bidding for the opportunity to develop this prime plot of residential land.”

Outline planning permission for the project was granted by Sandwell Council planner in 2020, with final design details submitted last year.

The irregular shaped parcel of land sits within Cradley Heath town centre and is about a quarter of a mile from the railway and bus station.

Mr Totney added: “With our livestreamed property auctions we are attracting interest from investors from across the UK and overseas, as well as from the West Midlands. Developer and builders are looking for the right site at the right price, and they know that is what they will find at our auctions.”

The Cradley Heath homes development site is among scores of lots appearing in Bond Wolfe’s next auction which is due to start at 9.30am on 15 September. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.

For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email auctions@bondwolfe.com, or call 0121 312 1212 or 01902 928 510.

Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.