Tickencote Road, Exton / Empingham

A rare opportunity to build a grand design residence, designed with low-cost eco living in mind, set within just under 5 acres. The current planning allows for a substantial stone residence and auxiliary accommodation of approximately 10,000 sq ft; however, there may be the opportunity to phase the build if a property of this size is not required. Now that planning has been granted, it may also be possible to redesign or personalise, subject to local authority approval.

Located in a rural position between the popular villages of Exton and Empingham, within a stone’s throw of Rutland Water and the historic market towns of Oakham and Stamford. Ideally positioned on the doorstep of some of the best public schools in the Midlands, with quick access to the A1 and mainline rail links to London in approximately one hour, making it well suited for commuters.

The informal background: The former owner of the adjacent property wished to build himself a dream home, so kept back 5 acres, part paddock and part woodland, and achieved planning via a special route which is known as innovative designs. These are passed by the Secretary of State, rather than just the local authority planners. On costing the full build and landscaping, the costs spiralled into £1,000,000+, and for this reason the owner has decided to sell it on. However, the planning will lapse at the end of this year. There was a cost in removing all the standard conditions, plus a need to commence the build to at least put the new driveway approach in, and it's thought that many people will look to reapply for something more in keeping and more of a liveable proportion than 10,000 sqft.

The plot was originally marketed by national agents for around £1,000,000. We, however, see the value, in light of the circumstances, at less than half of that, and it has purposefully been put to the market at offers over to encourage bids and, hopefully, for someone who can work to the tight parameters and timescales, i.e. a cash buyer.