0 Bedrooms Land for sale in Development Site, Chelmsford CM1 | £ 3,200,000
Overview
| Price: | £ 3,200,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Land |
| County: | Essex |
| Town: | Chelmsford |
| Postcode: | CM1 |
| Address: | Development Site, Chelmsford CM1 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Offers over £3,200,000
***attention developers***
A freehold building plot with proposed planning for 13 x Five Bedroom Executive Detached Homes . Offered on a ?Subject to planning? Basis with a gdv of £10,500,000. Ideally located within easy access to local amenities, popular schooling, and Chelmsford?S City Centre & Mainline Station.
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Hamilton piers are pleased to offer for sale this vacant freehold building plot - ideally located within only 4 miles to Chelmsford?S City Centre and its mainline train station, easy access to Stansted Airport, and within a short walk to Broomfield Hospital.
The planning proposal is for the erection of 13 detached dwellings - all with five bedrooms, parking and garaging, and approximately 2,000 - 2,200sq ft (195 m2 average) of accommodation.
Having seen the proposed floorplans/elevations Hamilton Piers would assign a resale value of between £800,000 - £825,000 per unit, depending on style/floorplan/square footage.
This would offer a Gross Domestic Value (gdv)?Of £10,500,000 (approximated).
The agent feels that this gdv?Could be increased if the site was privately gated, which in turn would create a more-exclusive, mews-style development and would stand out from other competing new build properties in the area.
Please Note: The seller has informed the agent there is a Community Infrastructure Levy (cil)?Of approx £300,000. This has been reflected in the asking price.
Subject to the agent completing their necessary identification and financial checks, the seller is happy to proceed with the successful buyer immediately on a ?Subject to planning? Basis, in which conditional deposits and a speedy exchange would be expected, with an anticipated delayed completion until plans are passed.
For further information please contact Matthew at our Land & New Homes Department (at our Chelmsford Office) on .
Property Location
Property Marketed by Hamilton Piers
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Address: 4 Torquay Road, Chelmsford
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