ntroducing an outstanding land opportunity in the heart of New Mills, this 0.449-acre plot—known locally as Gutter Spout—presents a rare chance for visionary developers and investors alike. Nestled in a highly sought-after location with historic roots, the site once housed properties that were demolished in 1935, offering a clean slate for fresh development potential.Occupying a generous and accessible position in the town centre, this parcel combines excellent convenience with boundless opportunity. With close proximity to local amenities, schools, and key transport links, the land is ideally placed for a wide range of future uses—whether residential, commercial, or mixed-use (subject to planning permissions).Its central position ensures maximum visibility and footfall, making it a lucrative option for those looking to expand their portfolio with a high-yield development. The plot offers scope for significant capital growth, supported by its integration into a vibrant and well-established community.With the right vision and planning, this site could be transformed into a landmark project that adds both social and economic value to the area.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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