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£500,000

Land at Turnpike Road, Red Lodge, Bury St. Edmunds


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Description

An excellent opportunity to acquire a residential development site with the benefit of detailed planning consent for the erection of 4no. detached dwellings.

Location Red Lodge is a popular village located about 5 miles north of Newmarket and 20 miles from Cambridge. The village has undergone significant and rapid redevelopment in recent years and as a result there are a number of local amenities including shops, two primary schools, church, sports pavillion and village hall. The village is well placed for access to the A11 and A14 and the nearest train station is Kennett, about 5–8 minutes’ drive from Red Lodge, with a service to Cambridge.

Planning Consent West Suffolk Council planning reference DC/25/0125/FUL grants permission for the construction of four dwellings with associated access (following demolition of existing dwelling)

The site has detailed planning consent to erect-
Plot 1- 3/4 bed detached 1,507 sq.ft
Plot 2- 4 bed detached 1,776 sq.ft
Plot 3- 4 bed detached 1,776 sq.ft
Plot 4- 3 bed detached 1,313 sq.ft

Please speak to Cheffins New Homes team for assistance on property prices in the area and projected GDV

Biodiversity Net Gain Overall, across the planned development there is a net loss of 0.14 habitat area units and gain of 0.18 linear units, resulting in a net percentage change of -37.08% for habitat area units and +1492.25% for linear units. Furthermore, the proposed development does not meet the trading rules of BNG. In order to meet the trading rules of BNG and achieve a minimum 10% net gain in biodiversity, a total of 0.17 habitat units are required. A total of 0.14 of those units should be from vegetated garden or a habitat of medium distinctiveness or above.

Method of Sale The site is offered for sale by Private Treaty.

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Mortgage calculator

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Current average is 4.5%

Estimated monthly repayments

£2,965
per month
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Calculation breakdown:

This calculator provides an estimate only and should not be relied upon as financial or legal advice. It only applies to UK residents buying in England and it doesn't apply if you're buying through a company.

Looking to sell or let your property?
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£500,000

Land at Turnpike Road, Red Lodge, Bury St. Edmunds


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For any questions, please contact us below:

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