A recent land sale will bring up to 17 new homes a step closer to being built in a Bedfordshire village.
The 1.76-acre site off Odell Road in Harrold, which has an approximate gross development value of £9 million, has been sold to property developer, Brampton Valley Homes after it was marketed for sale with the benefit of an allocation within the Harrold Neighbourhood Development Plan 2020 – 2030.
Although planning permission for the homes has not yet been granted, the adopted Neighbourhood Development Plan provides for an allocation for up to 17 new homes, with six being classed as affordable.
Brampton Valley Homes are now in the process of preparing a full planning application to be submitted to the Local Planning Authority for consideration.
Matthew Handford, associate at Fisher German said: “We have worked with the landowners since 2016 advising them on development agency matters. As the land benefits from an allocation within the Neighbourhood Development Plan, this makes it more likely that a planning application that follows its guidelines will get approved by the committee.
“The opportunity was well received during the marketing process due to a number of factors, namely the allocation within the Neighbourhood Development Plan for 17 dwellings as well as the site being located within a desirable village in Bedfordshire. The landowners were impressed with Brampton Valley Homes’ indicative plans and proposed house types.
“We achieved a good price for the client which reflects the land’s superb location in Harrold and the high chance of achieving planning permission. This sale is the culmination of a long relationship between us and the landowners, and we’re delighted with the result.”
David Ward, director at Brampton Valley Homes, said: “Harrold’s attractive setting and excellent connections to Bedford and Milton Keynes was a big draw for us, and the fact that the site was allocated in the village’s Neighbourhood Plan made the decision to buy that much easier.
“We specialise in smaller, rural developments like this, so the site ticked all the boxes for us. We are looking forward to submitting an application to the local authority and building much-needed housing in the village.”
James Fowler at Harrison Clark Rickerbys advised the landowners on the legal negotiations with the transaction.
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