The Asset at a Glance
This site exemplifies our role in helping to address severe housing shortages by purchasing unconsented residential sites, obtaining planning consent and then selling ‘oven-ready’ to housebuilders.
- Investment Theme
- Residential (for sale or rent)
- Purchase Date
- June 2018
- Purchase Price
- £2.7m
- NIY
- N/A
- Fund
- Residential Land Fund
- Features
- • A 5.3 acre allocated site acquired unconditionally for residential development • Detailed planning consent obtained for 77 residential units • Sold to housing association developer in May 2020
- Purchase Rationale
- • Off market acquisition • Site allocated for residential use in local plan • Strong regional house builder and housing association demand for proposed scheme due to end values being at an attractive price point
- Location
-
- Little Linford Lane, Newport Pagnell MK16 8DS
