Land For Sale £500,000
Attention all developers - A unique opportunity to acquire a circa 3.4 acre plot of land in a highly popular residential location together with a three bedroom semi-detached property (currently rented for a figure of £550 per month). Offering great potential to gain planning permission subject to approval from the local authority. Please Note: Our client is prepared to consider an option agreement providing a suitable initial offer is made.
Overview
Area: 1.4 ha (circa 3.4 acres) on two titles (DY406232 and DY411373). One title includes a 3-bed semi-detached property at 72 Brown Edge Road which is currently tenanted at £550.00 per calendar month on an assured shorthold tenancy agreement.
Outline Planning was submitted in 2015 for 16 x 3 to 4 bed detached dwellings and 3 x affordable dwellings.
Planning application: Hpk/2015/0471
Registered: 17 September 2015
Refused: 23 February 2016
Reasons for refusal: 1) Visual intrusion to the landscape 2) Affordable housing provision.
Point 2 we understand was overcome as there is now a mutually agreed S106 in place.
Background Information
The character of the area has considerably changed since planning was last applied for back in 2015, with the development at Thomas Fields () which comprises a mixture of affordable housing, a residential home and some facilities.
In addition, Hogshaw to the south of Brown Edge has been granted planning. The new development at Thomas Fields and the proposed development at Hogshaw have contributed to the urbanisation of the area and in our opinion considerably weakened the previous argument regarding intrusion to the surrounding landscape.
A new planning application is therefore potentially likely to overcome the landscape argument. All other aspects of the planning scheme, Access, Drainage, Ecology etc. Met with approval by High Peak Council.
Possible Scenario
A possible strategy may be to develop 1⁄2 the plot with say 5 to 6 Three/Four Bed Detached dwellings and develop the other 1⁄2 of the plot at a later date.
Based upon 5 to 6 detached dwellings @ say £400,000 per dwelling would give an overall gdv in the region of £2,000,000~£2,400,000. This still leaves the other half of the plot to be developed!
Semi-Detached House
As part of the offering a semi detached house is also included and comprises, driveway parking, front and rear gardens, living room, kitchen, three bedrooms and bathroom. This property is currently rented at a figure of £550 per calendar month on an assured shorthold tenancy agreement.
Viewing Arrangements
The property cannot be viewed unless prior arrangements have been made through the tenants - the land can however be found at the end of Brown Edge Close.
Please Note
Any photos of the local area such as Pavilion Gardens, The Crescent & St Annes Well are for illustration purposes only and are not included within the sale.
Overview
Area: 1.4 ha (circa 3.4 acres) on two titles (DY406232 and DY411373). One title includes a 3-bed semi-detached property at 72 Brown Edge Road which is currently tenanted at £550.00 per calendar month on an assured shorthold tenancy agreement.
Outline Planning was submitted in 2015 for 16 x 3 to 4 bed detached dwellings and 3 x affordable dwellings.
Planning application: Hpk/2015/0471
Registered: 17 September 2015
Refused: 23 February 2016
Reasons for refusal: 1) Visual intrusion to the landscape 2) Affordable housing provision.
Point 2 we understand was overcome as there is now a mutually agreed S106 in place.
Background Information
The character of the area has considerably changed since planning was last applied for back in 2015, with the development at Thomas Fields () which comprises a mixture of affordable housing, a residential home and some facilities.
In addition, Hogshaw to the south of Brown Edge has been granted planning. The new development at Thomas Fields and the proposed development at Hogshaw have contributed to the urbanisation of the area and in our opinion considerably weakened the previous argument regarding intrusion to the surrounding landscape.
A new planning application is therefore potentially likely to overcome the landscape argument. All other aspects of the planning scheme, Access, Drainage, Ecology etc. Met with approval by High Peak Council.
Possible Scenario
A possible strategy may be to develop 1⁄2 the plot with say 5 to 6 Three/Four Bed Detached dwellings and develop the other 1⁄2 of the plot at a later date.
Based upon 5 to 6 detached dwellings @ say £400,000 per dwelling would give an overall gdv in the region of £2,000,000~£2,400,000. This still leaves the other half of the plot to be developed!
Semi-Detached House
As part of the offering a semi detached house is also included and comprises, driveway parking, front and rear gardens, living room, kitchen, three bedrooms and bathroom. This property is currently rented at a figure of £550 per calendar month on an assured shorthold tenancy agreement.
Viewing Arrangements
The property cannot be viewed unless prior arrangements have been made through the tenants - the land can however be found at the end of Brown Edge Close.
Please Note
Any photos of the local area such as Pavilion Gardens, The Crescent & St Annes Well are for illustration purposes only and are not included within the sale.
