This expansive site, measuring approximately 18,000 sq. ft (0.41 acres), presents a rare investment opportunity with existing planning permissions for three appealing detached bungalows. The property is offered as a single parcel, facilitating an efficient development process. Two separate planning applications have been secured: one for the construction of a single dwelling and another for two additional homes, which are on the verge of application expiry but will be acted upon by the vendor.
Notably, this site benefits from an exemption from Community Infrastructure Levy (CIL) fees, as the existing structures can be offset against the new builds, representing a significant financial advantage for potential investors. Furthermore, the vendor is amenable to selling portions of the rear paddock for increased amenity space for the back land dwellings.
Set in a desirable location in Orpington, Well Hill offers residents both tranquility and accessibility, with key transport links such as the A21 and M25 providing connectivity to nearby urban amenities and employment hubs in towns like Sevenoaks and Orpington. With essential facilities and leisure options just a short drive away, this property is positioned perfectly to cater to future residents while promising lucrative returns for developers.
For those interested in detailed breakdowns of costs and Gross Development Value (GDV), further information is available upon request.
