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Lower Olland Street, Bungay, Suffolk, NR35

Guide Price
£1,000,000

£91.83 per sq ft

Business rates & charges may apply

CMK Real Estate, Norwich
SIZE AVAILABLE

10,890-217,800 sq ft

1,012-20,234 sq m

SECTOR

Land for sale

USE CLASSUse class orders: C3 Dwelling Houses

C3

Key features

  • Town Centre Development Opportunity
  • 1.73 acres
  • Substantial Family Home
  • Sustainable Location

Description

The site provides a fantastic development opportunity within this market town in the Waveney Valley.


LOCATION

Bungay is situated approximately 15 miles Southeast of Norwich, 5 miles to the west of the market town Beccles, with provides train connections to Lowestoft, Ipswich and London and 16 miles from the desirable seaside town of Southwold.

Bungay is accessible from the A143 which provides good connections to Diss, Beccles and Lowestoft.

The Town has two primary schools and a high school and also benefits from The Waveney Valley Leisure Centre which has an excellent swimming pool and leisure facilities.

The site is less than 130 metres from the town centre, which benefits from a number of shops, cafés, restaurants and local amenities.


DESCRIPTION

The site occupies an area of 1.73 Acres (0.7 Ha) and includes a substantial five bedroom family home with garage and outbuildings.

The house provides close to 371 m2 (4000 ft.²) of accommodation, including Kitchen, lounge, office and games room. The property would provide an excellent family home, although it does require some updating.

The historic principle access is from Lower Olland Street, however, the site now includes a potential new access from Wharton Street.


PLANNING

The Site is located within the East Suffolk District Council policy area. Relevant policies include East Suffolk Council and Waveney Local Plan (adopted 20th 2019) and the Bungay Neighbourhood Plan (made 23rd November 2022).

The Site is located in a highly sustainable location with the Town, situated approximately 130 metres from Bungay's primary shopping area and bus stops on Lower Olland Street, which provides further public transport links to the towns of Diss, Harleston, Beccles and beyond.

The Site is bounded by the rear cartilages of residential properties and Bungay Library which fronts onto Wharton Street to the northwest and the rear curtilages of residential and commercial properties which fronts onto Wharton onto Lower Olland Street to the southwest.

Under The Plans reference above, East Suffolk previous had a five year land supply. However, as part of the current Housing Target Review - East Suffolk were previously required to deliver 906 dwellings per annum, this will be increasing to 1,696 dwellings per annum and therefore, they are unlikely to meet their five year land supply targets.


AFFORDABLE HOUSING AND CIL

Affordable Housing is required for developments of 10 or more dwellings.

Bungay is within CIL charging Zone 3 and CIL equates to £110.14 per square metre.

Brochures

Lower Olland Street, Bungay, Suffolk, NR35

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Brampton Station5.9 miles

About CMK Real Estate, Norwich

12 Bank Street, Norwich, NR2 4SE

Notes

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Disclaimer - Property reference BUNGAY. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CMK Real Estate, Norwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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