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Planning Granted For 7 Dwellings, Chapel Lane, Wicken CB7 - Image 1
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Planning Granted For 7 Dwellings, Chapel Lane, Wicken CB7 - Image 3

Planning Granted For 7 Dwellings, Chapel Lane, Wicken CB7

East of England

£695,000
Listed on 15/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for developers and investors in the charming village of Wicken, where outline planning permission has been secured by East Cambridgeshire District Council for the construction of seven detached and semi-detached homes (Planning Reference 16/00024/out). The site is being sold as-is, providing a blank canvas for the new owner. Buyers can opt to manage the installation of access roads and services, or for an additional investment, sellers are willing to complete these essential works. The potential gross development value of approximately £2,700,000 illustrates the significant upside available to prospective buyers. Recent soil tests conducted by the seller returned favorable inert results, ensuring a solid foundation for future building. All planning conditions have already been discharged, streamlining the development process. Furthermore, each plot benefits from mains drainage and storm drainage systems at their boundaries, with connections to main services still needing application. The property also comes with a Community Infrastructure Levy (CIL) tax credit applicable to around 685 square meters, offering potential savings of approximately £96,000—an attractive incentive for any developer looking to maximize returns on investment. Wicken itself is a picturesque rural village located on the edge of the Fens in East Cambridgeshire. It enjoys a prime position just 10 miles northeast of Cambridge and 5 miles south of Ely. The area is known for its natural beauty, highlighted by the nearby National Trust Wicken Fen—a historic nature reserve that attracts wildlife enthusiasts with its diverse habitats and trails. Community engagement is strong in Wicken, as evidenced by local events at the village hall and regular gatherings at historical sites like The Maid’s Head pub. Additionally, residents enjoy facilities such as a fully operational smock windmill from 1813 that provides public tours monthly. With excellent transport links via nearby train stations that offer direct routes to Cambridge and London Kings Cross, alongside quick access to major roads like the A11 and A14 connecting to Bury St Edmunds within half an hour, this location holds considerable appeal for families and professionals alike. Whether you are looking to seize this development opportunity or explore further into Wicken's community spirit and amenities, this property merits serious consideration.

Investment Analysis

(CB7 area)
Area Average
£329/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CB7)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -5.3%
5 year growth: 6.1%
Investment Disclaimer: Analysis based on CB7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Planning Granted For 7 Dwellings, Chapel Lane, Wicken CB7
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,546
Based on a loan of £521,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE