Land For Sale £59,000
Feckenham, Redditch, Worcestershire, B96 6RU
previous price £60,000

Full description

WHY BUY THIS LAND?
A wonderful opportunity to own a self-enclosed field with extensive road frontage and its own private gated access. Measuring over two acres, this lush pasture land is flat and bordered by mature hedgerow. The site lies opposite both commercial and residential development.

The land offers potential for those looking for equestrian use in an area well suited to riding out. Less than half a mile to the north of the land lies an extensive network of bridle paths with access directly off Berrowhill Lane.

The site is pleasantly situated within the highly sought-after and affluent village of Feckenham, south-west of Redditch, east of Worcester and south of Birmingham. The village has a thriving rural community and house prices here are 55% above the county average and 95% above the regional average reflecting the desirability of the area as a place to own property – including land.

ACCESS
The site enjoys extensive road frontage onto Droitwich Road and Berrowhill Lane and benefits from its own private gated access.

LAND PRICES
Pasture land values in this region increased by 3% in the last 6 months and are 24% higher than the England & Wales average - the highest in the country (RICS Rural Land Market Survey).

Traditionally land has been seen as a 'safe haven' for investors, outperforming other asset classes. Over the past 10-years, farmland has outgrown Prime Central London Residential Property by 33%, UK House Prices by 38% and the FTSE 100 by 32% (Knight Frank).

Furthermore the demand for land continues to outstrip supply. The supply of farmland to the market last year was down 16% compared to the previous year, and down 8% compared to the 10-year average (Savills).

HOUSE PRICES
The land is situated in an extremely affluent area. House prices in Feckenham are 55% above the county average and 95% above the regional average (Zoopla).

These premium house prices reflect the desirability of the area as a place to live and own property - including land.

LOCATION
- North-west of Feckenham
- 4.2 miles to Redditch
- 6.0 miles to Bromsgrove
- 6.4 miles to Droitwich Spa
- 10.4 miles to Worcester
- 13.2 miles to Stratford-upon-Avon
- 15.9 miles to Birmingham City Centre

TRANSPORT LINKS
- 2.6 miles to the A441
- 4.9 miles to Bromsgrove Train Station *
- 5.6 miles to the M5 (junction 5)
- 6.3 miles to the A46
- 7.6 miles to the M42 (junction 2)
- 17.4 miles to Birmingham Airport

* Journey Times: 18 mins to Worcester Foregate Street; 26 mins to Birmingham New Street; 53 mins to Birmingham International

PLANNING
The land is designated as green belt. Any development would be subject to the appropriate planning permission.

LOCAL AUTHORITY
Redditch Borough Council

METHOD OF SALE
The land is offered for sale by private treaty as a whole or in lots. The freehold is available with vacant possession on completion.