Description This is a unique development opportunity on the edge of this growing town situated just north of Ely and served by the A10 and the mainline rail service between Kings Lynn and London.
The site is located just outside of the main town itself, and adjacent the railway line and station. The prevalent character of the immediate area is both residential and agricultural.
The proposed development (as per the approved outline planning permission), is for the creation of up to thirty-nine properties in the area as outlined in red on the image above. As part of the approved planning permission, the Section 106 Agreement has been signed with an affordable provision of 15%. The mix of the affordable will be 70% rented and 30% shared Ownership
Other agreed costs under the S106 are £43 per dwelling for wheelie Bin provision
An initial scheme (available from the seller's agent) has been drafted for 39 dwellings, which shows approximately 35,000 sq ft of accommodation. Current resale values of that scheme would return an estimated gdv of approximately £7.3 million at 15% affordable levels (Plots for affordable are yet to be determined)
In addition to the area outlined in red, the landowner is also including the area outlined in blue, which is a sloping area of land and is available for a variety of uses (stp) but lends itself to an area of open space for the proposed development.
There are various reports available including Flood Risk, Noise Impact, Retail Employment, Transport, Housing, Biodiversity & Ecological, Access and Highways and Topography. Copies of these are available on the East Cambridgeshire District Council Planning website under reference 13/01165/oum.
The planning permission requires the purchaser to provide a new access to the site across Holmes River Cut and further details of the agreement for this can be provided by the landowner upon request.
Prospective buyers should satisfy themselves as to the location of all utilities, wayleaves and title, S106 Obligations and conditions associated with the planning permission, before making an offer
Residential values have continued to rise in the cb area over the last 5 years as previously London and Cambridge oriented buyers have continued to look further afield. Whilst there are a number of sites coming forward in Littleport and Ely, the carefully planned growth of the area and Littleport's proximity to other market towns, its affordability and accessibility to road and rail networks all point to consistent growth and this has been evidenced despite the recent Pandemic conditions.
Offers Offers are invited for the freehold and all viewings are strictly by appointment via the sellers Sole Agent. All offers must subsequently be confirmed in writing and include the following;
1 - Confirmation that the offer is only subject to contract.
2 - Confirmation of understanding of any S106 Requirements.
3 - Proof of Funding.
4 - Details of solicitors to be instructed on the purchase.
5 - Details of the anticipated timescales for exchange and completion.
6 - Confirmation of a 10% deposit on exchange of contracts.
All offers are to be submitted to Ian Bovingdon at First Step Land & New Homes. Or email@example.com