Knight Frank is set to introduce a substantial residential development opportunity worth over £300 million in Cheshunt, Hertfordshire.
The 17.2-acre site outlines planning permission for the construction of up to 882 new homes, divided into two phases, complemented by commercial and leisure facilities. This offering is part of a larger masterplan that has a total of 1,725 new homes in the area.
The development comprises a combination of 762 private and 114 affordable housing units, distributed across several buildings, some rising up to 7 storeys. The main focus of the plan is to create a high-quality living environment, emphasising placemaking principles that cater to residents’ various needs and activities.
Located within a 24-minute train journey from London Liverpool Street, the site sits among the natural beauty of the Lee Valley Regional Park, providing residents with access to green spaces.
Furthermore, Cheshunt railway station allows convenient travel to central London and Cambridge, while immediate access to the A10 and M25 motorways ensures ease of transportation. London Stansted Airport is also conveniently reachable within 40 minutes by car or train.
Aimee Pritchard-Davies, Partner in the City & East Land team at Knight Frank said, ‘This is an exciting opportunity to deliver much-needed housing in a prime suburban location offering superb connectivity into central London in under 30 minutes.’
‘The distinct phasing of the scheme allows for the revision of the existing permission and density to allow for the introduction of alternative unit types and differing living sector uses’
James Liddiment, Managing Director of the Real Estate Advisory Group at Kroll commented ‘Following the recent insolvency of Inland Homes and its various subsidiaries, the administrators of Cheshunt Lakeside Developments Limited, Emira Developments Limited and Delamere Estate (Cheshunt) Limited are now in a position to bring the collective site to market,’
Photo: Costar.com
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