Our Summary

Large building plot of approximately 1

Option to revise planning permission for alternative residential scheme

An opportunity arises to purchase a substantial building plot of approximately 1

As part of the previous planning permission there is a 106 agreement requiring the developer to contribute £16,144

Planning permission would need to be resubmitted again and a decision determined by the local authority

However, it is considered that the planning permission could be varied upon being resubmitted and other options could include reducing the number of houses built on the site, having it for one large family home, for example

Description

This is a rare opportunity to purchase a substantial 1.54-acre plot of land on the outskirts of a town, with south-facing views of the Chambercombe Valley and countryside. The land has previously been granted planning permission for the construction of three 4-bedroom detached family homes, with double garages, parking, and gardens. The planning permission has lapsed, but the current owner is willing to reinstate it.

The development would require a new application, which may result in different planning conditions or a revised 106 agreement. The land is subject to an overage clause, which would require the payment of £25,000 per plot to the original landowner on completion of each house. The property would be accessed from Foxbeare Road, with each house featuring a split-level design, open living areas, and bi-fold glass doors leading to a south-facing balcony.

The land is made up of three areas, with part of it being scrub land that does not have full registered title. Services are nearby, and drainage would be part of the mains system. The site is also close to a gas main, which would need to be consulted over and potentially relocated.

Land

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Our Summary

Description