Dwellings, Okehampton - United Kingdom
This is an attractive and self-contained green field residential development site extending to some 13.6 ha located on the eastern edge of Okehampton with frontage to Crediton Road yet less than 1 mile from the town center. The land is either generally level or gently sloping towards the north offering views over open countryside. The permission allows for the development of up to 375 dwellings and requires affordable housing at 6% of the dwellings developed. Whilst the vendors preference is to offer the whole of the residential development as one lot a disposal of part will be considered. Also permitted is the development of a new primary school and the agents can confirm that the vendor is in negotiation with Devon County Council as such the school site is not offered for sale and prospective purchasers should contact the agents for details over access construction arrangements.
Outline planning permission for up to 375 dwellings a primary school and retail unit (up to 250 sq m) on land north of Crediton Road, Okehampton was granted by West Devon Borough Council under reference number 01089/2013 on the 30th October 2015. A S106 agreement was entered into that contains a number of financial obligations as detailed in the technical pack as well as confirmation that the affordable housing requirement has been agreed at 6%.
Although the benefits of investing in building land are attractive for many, it is important to ensure you research your potential land purchase thoroughly before you sign any contract or part with your cash. Like any property acquisition, there can be significant pitfalls if you fail to take the time to conduct your research and complete your due diligence stages… buyer beware.