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Straight Furlong, Pymoor, Ely, Cambridgeshire, CB6 2EG

Guide Price £525,000Freehold

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Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps

Key Features

Excellent development opportunity.
Full planning permission for 8 detached dwellings.
Approximately 2.03 acres overlooking the village recreation ground.
Estimated GDV for the finished homes is ÂŁ4 million.
Ten minute drive from Ely City shops, leisure facilities and rail station.
Popular small village location.

Description

Excellent development opportunity on this village centre site measuring approximately 2.03 acres, which has planning permission for 8 detached bungalows and chalets granted by East Cambridgeshire District Council. The site overlooks the village recreation ground. This popular small village is approximately a 10 minute drive from the shopping, leisure and transport facilities at the city of Ely.

 

Description
Excellent development opportunity on this village centre site measuring approximately 2.03 acres, which has planning permission for 8 detached bungalows and chalets granted by East Cambridgeshire District Council. The site overlooks the village recreation ground. This popular small village is approximately a 10 minute drive from the shopping, leisure and transport facilities at the city of Ely.

Title
The site is registered under Title reference CB231057 (Land on the South East side of Straight Furlong, Pymoor, Ely.)

Tenure & Possession
The site is for sale Freehold and with vacant possession.

Planning
The site benefits from two planning permissions. The initial planning permission, Ref E/00/00182/F was granted then renewed under Ref.  06/00020/FUL and has been commenced with a certificate of lawfulness, Ref 09/00585/CLE. In addition, planning was then granted for two further dwellings, Ref 21/00532/FUL.
Full planning details of conditions, location and drawings can be found on the council's planning portal or obtained via Bovingdons Estate Agents.

Estimated GDV
Selling prices for the 6 completed houses have been estimated by Bovingdons Limited to give a Gross Development Value in the region of £4 million, based on the market conditions as at July 2024.  Individual resale prices are as follows:

Plot 1. 1360 sq ft - 3 Bed Det Bungalow with Double Garage. £425,000.
Plot 2. 2851 sq ft - 4/5 Bed Det Chalet style with Double Garage. £645,000. 
Plot 3. 2110 sq ft - 4 Bed Det Chalet style with Double Garage.  £495,000.
Plot 4. 2110 sq ft - 4 Bed Det Chalet style with Double Garage.  £495,000.
Plot 5. 2851 sq ft - 4/5 Bed Det Chalet style with Double Garage. £625,000.
Plot 6.1323 sq ft - 3 Bed Det Bungalow with Single Garage. £425,000.
Plot 7.1715 sq ft - 4 Bed Det Bungalow with Double Garage. £535,000.
Plot 8.1323 sq ft - 3 Bed Det Bungalow with Single Garage. £425,000.

Method of sale
The site is for sale by Private Treaty.

OFFERS
Offers are invited for the freehold purchase of the site. All offers will need to be
confirmed in writing to the seller’s agent and include the following:

1 - Any proposed conditions attached to the offer. 
2 - Proof of funding.
3 - Timescales for the proposed submission of any planning conditions/reserved matters, exchange and completion.
4 - Proof of ID for buyers whether private or company.
5 - Details of solicitors to be instructed on the purchase.

Restrictive Covenants
We are not aware at this time of any restrictive covenants on the site, but prospective buyers must confirm this for themselves via their legal representatives before committing to the purchase.

Services
All prospective buyers are to make their own enquiries as to the location and provision of services.

Wayleaves, Easements & Rights of Way.
The land is to be sold subject to all existing rights of way, public or private, light support, drainage, water and electricity supplies and allotted rights and obligations, easements, quasi-easements and all wayleaves ,whether referred to or not in these sales particulars. - Purchasers will be deemed to have full knowledge and satisfied themselves as to the provisions of such matters which may affect the property.

VAT
Should any sale of the land or any right attached to it become chargeable for VAT, then such tax will be the liability of the purchaser to settle in addition to the purchase price.

Viewings
Viewings - Whilst the site is visible from the roadside or from the Sports pitch, all viewings are to be agreed via the seller’s sole agent.

Notes
Local Council is East Cambridgeshire District Council
County Council is Cambridge County Council

Arrange Viewing

Manea Community Primary School
(2.27 miles)
Good
Number of pupils: 226
Age Range: 4 - 11
Downham Feoffees Primary Academy
(2.29 miles)
Number of pupils: 161
Age Range: 4 - 11
Littleport Community Primary School
(3.6 miles)
Good
Number of pupils: 421
Age Range: 5 - 11
Ely College
(3.75 miles)
Good
Number of pupils: 1298
Age Range: 11 - 18
Millfield Primary School
(3.83 miles)
Good
Number of pupils: 347
Age Range: 4 - 11
Lantern Community Primary School
(4.1 miles)
Number of pupils: 396
Age Range: 4 - 11
Littleport & East Cambs Academy
(4.12 miles)
Number of pupils: 462
Age Range: 11 - 16
Highfield Littleport Academy
(4.12 miles)
Number of pupils: 124
Age Range: 2 - 19
Isle of Ely Primary School
(4.15 miles)
Good
Number of pupils: 397
Age Range: 3 - 11
Highfield Ely Academy
(4.34 miles)
Number of pupils: 138
Age Range: 2 - 19

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ2,762 /mo.25 Years, 5% Interest
Loan
ÂŁ472,500
Total Repay
ÂŁ828,656

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ13,750
0% up to ÂŁ250,000
5% between ÂŁ250,000 and ÂŁ925,000
Your effective stamp duty rate is 2.62%
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