Land At Home Road, Kempston, Bedford

Presenting this unique development opportunity located in the sought after area of Kempston Rural in Bedford. The site extends to 0.49 acres and comprises a substantial detached bungalow currently split into 3 separate units. We believe there is strong development potential following the demolition of the existing building, whilst, in the meantime, benefitting from immediate rental income from the 3 units.

PLANNING SUMMARY: The site overlaps with the emerging local plan allocation HOU13: Land at Gibraltar Corner, Kempston Rural. There is a new application on the land to the rear for up to 295 dwellings. Approval will fundamentally change the character of the immediate area which creates a powerful precedent for the type and density of development the council considers acceptable here.
Additionally, the council's lack of a 5-year housing land supply strengthens the case for sustainable development proposals. Given the strategic allocation (HOU13), a proposal that aligns with the principles of this policy has a good chance of success. However, a pre-application is highly recommended.

Kempston - Kempston is a town and civil parish located in Bedfordshire, England. Once known as the largest village in England, Kempston now has a population of around 20,000. Here you will find many amenities including a large Sainsburys, Lidl, two Post Offices, other independent shops and restaurants, Addison Park and the Interchange Retail Park, a big shopping complex housing many popular high street stores. In Kempston Rural you will also find Box End Park, an aqua park with watersports facilities and the highly regarded Corner 5 lakeside restaurant. Kempston is also a mere 2 miles from Bedford Town Centre, Bedford Bus Station and Train Station. There is also great access to the A421, A428 and the A6.

Site Composition - The site currently comprises a substantial detached bungalow, circa 2000 ft2, which is split into 3 independent units.

Rental Income - The property in its current form has a potential rental income in the region of £3,300 pcm on an assured shorthold tenancy basis. There is also potential to utilise the property as an Airbnb for approximately £80-£120 per unit per night given its close proximity to the forthcoming Universal Studios development.

Potential Development - Following site analysis, we instructed a local architect to devise the accompanying site plans to show possible configurations:
Layout A: 8 x 3 bedroom semi detached
Potential £3.2m GDV (£400K per unit)

Layout B: 4 x 4 bedroom detached
Potential £2.4m GDV (£600K per unit)