Land for Sale in Redditch, Worcestershire
Investment Land for Sale in Redditch
Guide Price: £15,000
Size: 0.037 ACRE
Land Type: Investment
Planning Permission: No Planning Permission
Land Designation: Greenbelt
Seller Last Active: Within the last 74 months
Summary: Plot of land from within considerable acreage which has been subdivided into smaller plots. Ideal for investment. This plot is 0.037 acres and would be large enough for a detached dwelling with gardens in the event of a successful planning application. This land lies within the expansion areas of the local suburbs and Redditch new town is in need of an area for affordable housing. With 6000 new homes earmarked in this area, the return on the original purchase could be significant. Prime potential development land Adjacent to existing development and infrastructure Good road access Government targeted development area Part of site has already received planning and is being developed Good transport links to M42, M5 and M40 Full freehold title with no clawbacks or covenants Excellent investment opportunity 38 Acre site with good level topography plotted out as a schematic for provision of 429 new homes. Mix of large detached, smaller detached and compact terraces making provision for a good percentage of "affordable homes." The master plan incorporates public open space, play areas and village pond. The site is adjacent to good local transport links and infrastructure of main services. Studley is an affluent village less than 3 miles from the designated new town of Redditch (pop. 78,807 2001 census) Local provision of amenities:- retail, health services, recreation & leisure, education etc. is excellent. The site is c.16 miles from Birmingham city centre. Good access to M40, M42 and M5 motorways. Residential development of this site would be sympathetic to maintaining adequate provision of green space in surrounds. QUICK SALE NEEDED. £15000 Why UK Land? Land is a tangible asset and is not subject the massive cyclical fluctuations and volatility that most other investment arenas suffer from. Gordon Brown has pledged to build 3 million new homes by 2020. Independent experts have claimed that around 2 million of these will have to be built on previously undeveloped green field sites around cities and towns. The 'Housing Incentive Scheme' is a package being formulated by the Government which will incentify councils to 'raise their game' and start developing their borders. The carrot will be grants totalling around £500 million and the stick will be increased council tax bills for their constituents. A 'Home and Communities Agency' will be created to ensure the Government's pledge to build 600 new homes a day will be achieved.
Additional Information: PRIVATE SALE
- Vehicular Right of Access to Site
- Pedestrian Right of Access to Site
Location on Map:
These particulars have been produced in good faith but total accuracy cannot be guaranteed. Sizes are approximate. Purchasers should verify availability and any detail of importance prior to viewing and purchase. These particulars are not an offer or contract.