Land for sale
Newport, Isle of Wight, PO30 2PN
Guide Price
£650,000
Residential Tags: N/A
Property Tags: Development Potential
Land Tags: Building Plot, Overage / Clawback
Summary Details
- First Marketed: Jul 2021
- Removed: Date Not Available
- Residential Tags: N/A
- Property Tags: Development Potential
- Land Tags: Building Plot, Overage / Clawback
RESIDENTIAL DEVELOPMENT SITE An opportunity to purchase a development site with full planning permission for seven detached dwellings with an additional 2.5 acres of land, which has been allocated by the Isle of Wight council for further development. The site is situated in an elevated position on the outskirts of Newport, in a convenient and attractive location.
The planning allows for each plot to benefit from a detached chalet/single style bungalow with good sized gardens and parking for two cars.
LAND The land currently to the east of the residential development site was originally included as part of the Strategic Housing Land Availability Assessment (2018) submission for the whole. The allocation paper (SHLAA Ref: IPW309) states the site as a whole is deliverable.
SITUATION The development is well situated for travel links across the Island and to the mainland. The sailing towns of Cowes and Yarmouth are about 15 minutes' drive away offering links to the mainland Southampton and Lymington respectively. Further links to the mainland to Southampton from East Cowes are only 10 minutes' drive away with Ryde connecting Portsmouth about 15 minutes
BURNT HOUSE LANE A great opportunity to purchase a development site with full planning permission for seven detached dwellings and an additional 2.5 acres of land, allocated by the Isle of Wight Council for further development.
METHOD OF SALE The property is offered for sale by private treaty.
RIGHTS OF WAY There are no public or private rights of way crossing the property.
ACCESS Access into the property is currently from the public highway (Burnt House Lane) marked B on the sale plan. The site benefits from an all-purpose right of access across the land hatched in orange on the sale plan. The proposed development access is to the south of the development site, marked A on the sale plan and the existing access (B) will be extinguished.
SERVICES The site has the benefit of mains water.
TENURE Freehold with vacant possession.
PLANNING Planning Full planning permission has been granted under reference TCP/33247 and P/01228/17. Further details are available from the selling agents.
OVERAGE An overage provision will be applied to the area hatched blue on the sale plan by the vendors at a rate of 35% of uplift value for a 30 year term triggered by grant of change of use planning permission. Further details of the overage conditions are available from the sale agent
BUILDING There are currently some existing buildings on the site, which include a large pole barn, two sets of stables and a range of smaller sheds.
LOCAL AUTHORITY Isle of Wight Planning Authority
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iwight.com
POSTCODE PO30 2PN
PLANS, AREAS AND SCHEDULES These are based on the Ordnance Survey and are for reference only. They have been checked and computed by BCM and the Purchaser(s) - shall be deemed to have satisfied themselves as to the description of the property. Any error or misstatement shall not annul a sale or entitle any party to compensation in respect thereof.
VIEWINGS By appointment with BCM IOW LLP only.
Marketed by: BCM, Isle of Wight
The planning allows for each plot to benefit from a detached chalet/single style bungalow with good sized gardens and parking for two cars.
LAND The land currently to the east of the residential development site was originally included as part of the Strategic Housing Land Availability Assessment (2018) submission for the whole. The allocation paper (SHLAA Ref: IPW309) states the site as a whole is deliverable.
SITUATION The development is well situated for travel links across the Island and to the mainland. The sailing towns of Cowes and Yarmouth are about 15 minutes' drive away offering links to the mainland Southampton and Lymington respectively. Further links to the mainland to Southampton from East Cowes are only 10 minutes' drive away with Ryde connecting Portsmouth about 15 minutes
BURNT HOUSE LANE A great opportunity to purchase a development site with full planning permission for seven detached dwellings and an additional 2.5 acres of land, allocated by the Isle of Wight Council for further development.
METHOD OF SALE The property is offered for sale by private treaty.
RIGHTS OF WAY There are no public or private rights of way crossing the property.
ACCESS Access into the property is currently from the public highway (Burnt House Lane) marked B on the sale plan. The site benefits from an all-purpose right of access across the land hatched in orange on the sale plan. The proposed development access is to the south of the development site, marked A on the sale plan and the existing access (B) will be extinguished.
SERVICES The site has the benefit of mains water.
TENURE Freehold with vacant possession.
PLANNING Planning Full planning permission has been granted under reference TCP/33247 and P/01228/17. Further details are available from the selling agents.
OVERAGE An overage provision will be applied to the area hatched blue on the sale plan by the vendors at a rate of 35% of uplift value for a 30 year term triggered by grant of change of use planning permission. Further details of the overage conditions are available from the sale agent
BUILDING There are currently some existing buildings on the site, which include a large pole barn, two sets of stables and a range of smaller sheds.
LOCAL AUTHORITY Isle of Wight Planning Authority
[use Contact Agent Button]
iwight.com
POSTCODE PO30 2PN
PLANS, AREAS AND SCHEDULES These are based on the Ordnance Survey and are for reference only. They have been checked and computed by BCM and the Purchaser(s) - shall be deemed to have satisfied themselves as to the description of the property. Any error or misstatement shall not annul a sale or entitle any party to compensation in respect thereof.
VIEWINGS By appointment with BCM IOW LLP only.
Marketed by: BCM, Isle of Wight
Land Registry Data
- No historical data found.