Rowditch Furlong, Newport Pagnell

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.
Chris Button, Head of Value Add REIM
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