Free valuation

Legbourne Road, LouthResidential (land)

£1,450,000
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About this property

LOCATION
The site fronts onto Legbourne Road, on the south-eastern fringe of Louth Town Centre, abutting housing to the North and West and adjacent to farmland to the South. The site backs onto Kenwick Road and Kenwick Gardens where additional vehicular access is available.

Louth is a popular Market Town within the Borough of East Lindsey, having a population of circa. 17,000, renowned for its Historic Market Square and Georgian Architecture. Louth is located approximately 15 miles South of the Port of Grimsby and 23 miles North East of the Cathedral City of Lincoln. Louth is within the Lincolnshire Wolds, an Area of Outstanding Natural Beauty and the Lincolnshire Coast is easily accessible being some 10 miles to the East.

DESCRIPTION
We are pleased to offer for sale a residential development site with Outline Planning Consent in place for up to 55 dwellings located on the southern fringe of the historic and highly desirable Market Town of Louth, Lincolnshire abutting farmland to the South and within a very popular residential area. The entire site has the benefit of an Outline Planning Consent granted on 21st November 2016 (Application No: N/105/00895/15). In addition, a more recent Consent has been granted for the development to incorporate 6 High Value Detached Houses accessed off Kenwick Gardens (Application No: N/105/01714/17). This amended Planning Consent helps maximise the Gross Development Value of the site.

This level, regular shaped site extends to 4.55 acres (1.84 hectares) comprising; grassland with its primary vehicular access via Legbourne Road, although additional vehicular accesses are available to the rear of the site via Kenwick Road and Kenwick Gardens.

PLANNING
Outline Planning Consent has been granted for the erection of up to 55 dwellings, Planning Application No: N/105/00895/15. A full copy of the Planning Consent is available on request. In addition to the usual conditions, a Section 106 Agreement has been entered into, whereby a primary Education Contribution of £124,040 is to be payable by the Developer and in addition, 30% of the total number of dwellings on-site are to be allocated for Affordable Housing.

The recently granted amended application (Application No: N/105/01714/17) provides for six of the 55 dwellings to be high value detached houses accessed via Kenwick Gardens, a more exclusive residential district.

For all further information including a copy of the Planning Consent and Section 106 Agreement, please contact Steven Spivey on 01522 556088 or steven.spivey@mundys.net

SERVICES
Mains drainage, gas, water and electricity are all understood to be available to the site, currently supplied to Legbourne Road.

TERMS
The site, as outlined in red, is held on a Freehold Title.

PLANNING
Outline Planning Consent has been granted for the erection of up to 55 dwellings, Planning Application No: N/105/00895/15. A full copy of the Planning Consent is available on request. In addition to the usual conditions, a Section 106 Agreement has been entered into whereby a primary Education Contribution of £124,040 is to be payable by the Developer and in addition, 30% of the total number of dwellings on-site are to be allocated for Affordable Housing.

The recently granted amended application (Application No: N/105/01714/17) provides for six of the 55 dwellings to be high value detached houses accessed via Kenwick Gardens, a more exclusive residential district.