Development Opportunity

Residential Development Site, Halstead, Essex, CO9 1SL

Guide Price

£1,800,000

  • Status: FOR SALE SOLD UNDER OFFER
  • First Marketed: May 2022
  • Removed: Date Not Available
  • 5.2 acres

Residential Tags: N/A

Property Tags: Development Potential, Section 106

Land Tags: Building Plot

Summary Details

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  • First Marketed: May 2022
  • Removed: Date Not Available
  • Residential Tags: N/A
  • Property Tags: Development Potential, Section 106
  • Land Tags: Building Plot
LOCATION Halstead is a traditional market town with the River Colne running through the heart of it and has a population of circa 12,000 people.
The town is conveniently located with excellent amenities including schooling, shops, restaurants etc.
The site is located to the west of the town and is very convenient for access to Braintree and connections to the A120/M11.
 

ACCESSIBILITY 1 mile from Halstead town centre
7 miles from Braintree. Braintree benefitting from road communications via the A120 to Stansted and the M11 to London, together with railway station which inter-connects with Witham to London Liverpool Street.
14.5 miles to Colchester via the A1124
 

DIRECTIONS From Halstead town centre proceed along the A131 towards Braintree. Proceed past Holy Trinity Church along Mount Hill for approximately half a mile and the site will be found on the right hand side immediately past Halstead Hall. 

DESCRIPTION The site is level and benefits from road frontage to both Russell's Road and Mount Hill, with many mature trees on the surrounding boundaries. In all, the site comprises circa 5.2 acres.
The site was formerly parkland to the mansion house and is currently used as a recreational area by Halstead Hall Care Home.
Vehicular access is from Russell's Road.
 

SERVICES All mains services will be available for connection. However, prospective purchasers are advised to make their own enquiries. 

TOWN PLANNING The site has the benefit of full planning permission granted on 19th April 2022, reference number 21/02449/FUL, for 20 dwellings with vehicular access from Russell's Road (subject to completion of the section 106 agreement).
The Section 106 agreement will provide for the provision of 30% affordable housing. We estimate the total contributions will be circa £100,000.
Supporting information in respect of the planning application can be found under Application Reference Number 21/02449/FUL on the Braintree District Council Planning portal.
 

TENURE The property is to be sold freehold with vacant possession on completion. 

VAT The property has not been elected for VAT. 

There is an opportunity to develop as exists or, alternatively, to consider improving the planning consent.
The vendors will consider both unconditional and conditional offers.
All interested parties to submit expressions of interest, together with financial offer by 12 noon, 24th June 2022.

 

GUIDE PRICE £1,800,000

Marketed by: Nicholas Percival, Colchester

Land Registry Data

  • No historical data found.
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