Syndal, Pipps Hill Road North, Billericay, Essex, CM11 2UJ

DEVELOPMENT OPPORTUNITY – BUILDING PLOT FOR TWO DETACHED HOUSES

An excellent opportunity to acquire a consented residential development site in the heart of Crays Hill, occupying the former builders' yard between The Nest and Syndal, with an attractive open outlook over the meadow/field behind.

The site benefits from Full Detailed Planning Permission for the demolition of the existing builders' yard outbuildings, storage structures and associated hardstanding, together with the removal of the two static homes, and redevelopment to provide TWO SUBSTANTIAL FOUR-BEDROOM DETACHED HOUSES.

The proposed Plot 1 extends to approximately 2,150 sq ft, with an impressive rear garden of around 84ft x 81ft.

Plot 2 provides approximately 2,075 sq ft, with a rear garden of around 71ft x 60ft.

Both houses are designed to take full advantage of the generous site and its pleasant open aspect.

The sellers' current expectation is that the completed houses could achieve values in the region of £950,000–£1,000,000 each (based on the current new build sites in Billericay and the surrounding areas at the moment and the fact that these will be on much bigger plots and semi-rural), indicating an underlying end-value potential of approximately £1.9m–£2m. At the guide price, this provides an interesting proposition for a builder or developer, subject of course to individual build costs, finance and exit values.

A new access road (to be laid by the owner of Syndal) is proposed between the right-hand house and Syndal, providing continued access towards the meadow beyond for agricultural/hay-cutting purposes. The sellers envisage a suitably landscaped road, with grass verges helping to soften its appearance.

The initial intention is for the two new houses to have their own shared private access from the road - as per the CGI's, with the access arrangement potentially incorporating remotely operated gates. Although we expect developers may try to obtain permission for each plot to have their own private entrance from the road.

The official planning drawings show larger rear gardens than those ultimately proposed, as the owner intends to retain a strip of land behind the gardens. This is intended to facilitate a potential slim access track around the rear of the properties, providing access to the recessed area beyond for the storage of machinery and associated purposes. The precise arrangements will be documented and agreed through the conveyancing process.

CRAYS HILL

Crays Hill offers a convenient village setting, with a Premier convenience store for everyday essentials, whilst the popular Shepherd & Dog is within easy walking distance, offering food, beers and ales, together with a large patio and beer garden. Local bus services provide access to Billericay and Wickford, both offering Mainline railway stations, with Billericay providing a direct service to London Liverpool Street in around 35 minutes. The Barleylands Farm Shop is also close by, offering fresh produce and a wide range of groceries, whilst the A127 is approximately two minutes' drive, providing excellent road connections towards Southend, London and the M25.

FOR MORE INFORMATION, PLEASE CONTACT THE OFFICE