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Lower Newton Farm - Development Site 2.5 Acres of Residential Land Offered at $604,433 in Zeal Monachorum EX17 6LJ
Investment Highlights
- Development Site at Lower Newton Farm
- Planning Permission for Demolition and Creation of Three New Build, Detached Four and Three Bedroom Dwellings
- Valuable Residential Development Opportunity
- Additional Land Available
Executive Summary
Property Facts
| Price | $604,433 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Tenure | Freehold | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 2.50 AC |
| Price | $604,433 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 2.50 AC |
1 Lot Available
Lot
| Price | $604,433 | Lot Size | 2.50 AC |
| Price Per AC | $241,773.01 |
| Price | $604,433 |
| Price Per AC | $241,773.01 |
| Lot Size | 2.50 AC |
2.5 acre plot of land with planning approval.
Description
Extending to some 17,000 sq ft, amid a plot approaching 2½ acres, the barns are principally constructed with steel frame being set in a stepped yard with direct access of the parish lane. Planning permission has been granted by Mid Devon District Council under Application Number: 23/00264 for the erection of three new build detached two storey houses (2 x four bedrooms and 1 x three bedrooms), following the demolition of the agricultural buildings. It should also be noted that following a reform of permitted development rights in May 2024 which increased the maximum number of dwellings within a former agricultural unit from 5 to 10 (Clarkson’s Law) there may be potential for retaining and converting the existing buildings, subject to the normal planning process.
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Lower Newton Farm - Development Site
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