Land For Sale £300,000
1.07 ACRE RESIDENTIAL DEVELOPMENT SITE FOR 10 DWELLINGS ON EDGE OF THE TOWN CENTRE
This generous development site extending to approximately 1.07 acres in total, previously enjoyed outline planning consent for 10 dwellings, comprising a block of 6 apartments and two pairs of semi detached houses, with an estimated gross development value in the region of £1.62 million.
Originally planned as the second phase of the hugely successful Old Sycamore Place Development, the land has now come available following illness and retirement of the two original land owners developers.
The Section 106 and council covenants have been cleared by the current owners. The site is situated in the ever popular district of Sheffield Road/Stonegravels, being well placed for commuters needing access to the motorway/Sheffield and Dronfield. The site also lies within 1KM of the town centre.
Gross Development Value - We have calculated an approximate GDV as follows:
6 x 2 bed apartments at £120,000 per apartment = £720,000
4 x 3 bed semi's at £225,000 per semi = £900,000
Planning Permission - Conditional Outline Planning consent was granted by Chesterfield Borough Council on the 18th July 2019, for the creation of 10 dwellings with associated parking and access arrangements Reference CHE/17/00722/OUT. This planning consent has now expired, but we are of the opinion that there would be no reason why a new permission could not be obtained. Buyers are expected to make their own enquiries in this regard prior to making an offer. Copies of the approval notice and drawings are available upon request.
The Site - The site consists of an 'L' shaped parcel extending to approximately 1.07 acres in total. Whilst access is likely gained via Old Sycamore Court, the land does have an approximate 79m frontage onto Sheffield Road.
Ground Conditions - There has been no intrusive site investigation on this part of the site, although the first phase (Old Sycamore Place) was built in 2018 without the need for any grouting or abnormal foundation designs.
Council Covenant And Section 106 - An original council covenant has been cleared by the current land owners, as is any Section 106 liability. It should be noted that any agreements in this regard that have been satisfied relate to the previous planning consent only.
Community Infrastructure Levy - This development will be subject to CIL, However, we understand that the site sits within the 'Low' charging band of £20 per square meter. Interested buyers should seek confirmation on this by Chesterfield Borough Council.
Access Arrangements - Access to the site is intended to be provided by the private road already installed on Phase 1. All legal rights have already been agreed. The private road is currently maintained by Old Sycamore Place Management Company Ltd, with the existing homeowners all being members of this Company.
Services - It is understood that mains gas, electricity, water and drainage have been installed for the phase 1 scheme and terminated at the boundary.
Phase one properties utilise a pumped drainage system which has been designed with Phase 2 in mind.
Again, prudent purchasers should make their own enquiries as to the cost and availability of service connection prior to making an offer.
Viewing - By appointment only.
Sub Stations / Telecommunications - There is a small electrical sub station on the Southern most tip of the site (near to Haslam Court). This sub station is understood to be owned by Western Power, but sits on the land in question. Western Power therefore pay an easement to the land owner. Discussions have been had to revise the terms of the easement which the new owner will be able to take up in their name after completion.
The larger building (Close to 73 Sheffield Road) is thought to be a telecommunication building and does not sit on land forming part of this sale.
This generous development site extending to approximately 1.07 acres in total, previously enjoyed outline planning consent for 10 dwellings, comprising a block of 6 apartments and two pairs of semi detached houses, with an estimated gross development value in the region of £1.62 million.
Originally planned as the second phase of the hugely successful Old Sycamore Place Development, the land has now come available following illness and retirement of the two original land owners developers.
The Section 106 and council covenants have been cleared by the current owners. The site is situated in the ever popular district of Sheffield Road/Stonegravels, being well placed for commuters needing access to the motorway/Sheffield and Dronfield. The site also lies within 1KM of the town centre.
Gross Development Value - We have calculated an approximate GDV as follows:
6 x 2 bed apartments at £120,000 per apartment = £720,000
4 x 3 bed semi's at £225,000 per semi = £900,000
Planning Permission - Conditional Outline Planning consent was granted by Chesterfield Borough Council on the 18th July 2019, for the creation of 10 dwellings with associated parking and access arrangements Reference CHE/17/00722/OUT. This planning consent has now expired, but we are of the opinion that there would be no reason why a new permission could not be obtained. Buyers are expected to make their own enquiries in this regard prior to making an offer. Copies of the approval notice and drawings are available upon request.
The Site - The site consists of an 'L' shaped parcel extending to approximately 1.07 acres in total. Whilst access is likely gained via Old Sycamore Court, the land does have an approximate 79m frontage onto Sheffield Road.
Ground Conditions - There has been no intrusive site investigation on this part of the site, although the first phase (Old Sycamore Place) was built in 2018 without the need for any grouting or abnormal foundation designs.
Council Covenant And Section 106 - An original council covenant has been cleared by the current land owners, as is any Section 106 liability. It should be noted that any agreements in this regard that have been satisfied relate to the previous planning consent only.
Community Infrastructure Levy - This development will be subject to CIL, However, we understand that the site sits within the 'Low' charging band of £20 per square meter. Interested buyers should seek confirmation on this by Chesterfield Borough Council.
Access Arrangements - Access to the site is intended to be provided by the private road already installed on Phase 1. All legal rights have already been agreed. The private road is currently maintained by Old Sycamore Place Management Company Ltd, with the existing homeowners all being members of this Company.
Services - It is understood that mains gas, electricity, water and drainage have been installed for the phase 1 scheme and terminated at the boundary.
Phase one properties utilise a pumped drainage system which has been designed with Phase 2 in mind.
Again, prudent purchasers should make their own enquiries as to the cost and availability of service connection prior to making an offer.
Viewing - By appointment only.
Sub Stations / Telecommunications - There is a small electrical sub station on the Southern most tip of the site (near to Haslam Court). This sub station is understood to be owned by Western Power, but sits on the land in question. Western Power therefore pay an easement to the land owner. Discussions have been had to revise the terms of the easement which the new owner will be able to take up in their name after completion.
The larger building (Close to 73 Sheffield Road) is thought to be a telecommunication building and does not sit on land forming part of this sale.
