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Valuation

Bridestowe, Okehampton
Offers in excess of £700,000 | 2.59 acres

Property features

• Greenfield Site
• Overall 2.59 acres.
• 60% Open Market 40% Affordable Units
• Edge of Village Location
• Wonderful Rural Views
• Popular Village

SITUATION
The land is situated on the edge of the popular small village of Bridestowe, which has a good range of local facilities including churches, primary school, pre-school, pub, village hall and convenience store/Post Office. The land backs onto farmland and many of the properties will enjoy rural views and woodland. The site is accessed off Town Meadow, a modern housing development

DESCRIPTION
This interesting green field development site offers purchasers a site with potential for a good mix of property types and sizes. The Planning Application includes an indicative scheme comprising 24 dwellings. The mix included three 1 Bed and two 2/3 Bed bungalows as well as seven 2 Bed, eight 3 Bed and four 4 Bed houses. The precise mix is to be determined at the Reserved Matters stage.

Of the dwellings, 60% will be open market and 40% approx will be affordable. The proposed scheme is accessed from Town Meadow to the southeast.

PLANNING PERMISSION
West Devon Borough Council granted Outline Planning Permission on the 3rd December 2018 for the development site, being for up to 24 dwellings. Reference: 2472/17/OPA. Copies of the Planning Permission and other relevant documents are available from Stags or can be accessed via drop box using link https://www.dropbox.com/l/scl/AAC8z8YzIBHQLg3O9zJAhlMf8Dfk0xMS6qY

SECTION 106 AGREEMENT
The Section 106 Agreement includes the following obligations:
•Affordable housing. 40% of the dwellings are to be affordable
•Education - £100, 515.
•Open Space, Sport and Recreation - £41,134.
The Section 106 contributions in total are approximately £141,649 excluding indexation.

A copy of the Section 106 Agreement with more detail is available from the agents.

SERVICES
All mains services are available nearby or on site, with the exception of gas. All interested parties must make their own enquiries of the relevant statutory utility providers.
 

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