Land for sale

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Land for sale

Fremington, Barnstaple
£50,000

Our Summary

  • Overage (Development Uplift) - The land will be sold subject to a development uplift (overage) provision on the following terms: Upon planning consent being granted for any residential or commercial use within a 30 year period from the completion date, the sellers will receive 25% of the increase in value (assessed by an independent valuer)

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: The property is a 3.74-acre grass paddock with lovely views near Fremington and Barnstaple, surrounded by rolling countryside and within easy reach of the River Taw estuary. The land is part of Higher Lydacott Farm and is gently sloping with a north-facing aspect, providing direct road access. The property is freehold and has no services connected, but is currently let on a grazing licence until 2026. There is an overage provision in place, where the sellers will receive 25% of the increase in value if planning consent is granted for residential or commercial use within a 30-year period. The property is not within an Area of Outstanding Natural Beauty, but is within a Nitrate Vulnerable Zone. Viewings are strictly by prior appointment with Stags.