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107 Park St 1.4 Acres of Residential Land Offered at $937,157 in Ripley DE5 3ES
INVESTMENT HIGHLIGHTS
- 1.4 acre site located in an area of high residential demand
- Excellent road access
- Comprehensive information pack including technical surveys and site investigations available upon request
EXECUTIVE SUMMARY
A previous planning application proposed the construction of twelve semi-detached three-bedroom, two-storey dwellings, each measuring 804 sq ft / 75 sq m, with a total gross external area of 9,648 sq ft / 896 sq m, including provisions for up to twenty-one off-road parking spaces. The application was refused on appeal solely on the grounds of a lack of S106 to facilitate residents parking provisions, with no objections raised to the design, density or principle of the development. Architects advise any new application will need to ensure that a approved S106 be agreed with Amber Valley Borough Council before they would issue any planning consent.
A comprehensive information pack relating to the previous application is available upon request from the agents.
Any inquiries should be made to the local planning authority.
PROPERTY FACTS
| Price | $937,157 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Tenure | Freehold | Total Lot Size | 1.40 AC |
| No. Lots | 1 |
| Price | $937,157 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.40 AC |
1 LOT AVAILABLE
Lot
| Price | $937,157 | Lot Size | 1.40 AC |
| Price Per AC | $669,397.79 |
| Price | $937,157 |
| Price Per AC | $669,397.79 |
| Lot Size | 1.40 AC |
The site extends to approximately 1.4 acres in size and broadly triangular in shape, surrounded by established residential development to the north and west, with vehicular access directly from Park Street.
DESCRIPTION
The site is currently occupied by twelve single-storey lock-up garages which are intended for demolition to create a new access road. The site lies 0.4 miles south-east of Ripley town centre, a market town with a population of around 21,000 located in the Amber Valley District. Road access is excellent, with the A38 located 1.2 miles west connecting to the M1 at Junction 28 (situated 6 miles to the northeast) and the A610 less than a mile south leading directly to Nottingham (14 miles southeast). Alfreton is four miles to the north, Belper six miles to the south, and Derby city centre twelve miles south via the A38. Public transport links include regular bus services from Park Street to Derby, Nottingham and Alfreton with the surrounding area comprising predominantly residential, with further housing developments in progress located nearby, indicating sustained demand.
Presented by
107 Park St
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