Colchester Estate Agents
We are carrying out valuations in this area.
If you are thinking of selling, book a free, no obligation valuation with one of our valuing experts.
Colchester Estate Agents
4 Bedroom other ● Bakers Lane, Essex ● £535,000
A single building plot with outline planning consent for a self-build home, offering the rare opportunity to build your bespoke home. Set in a highly desirable location, this plot provide an excellent chance to bring your dream home to life.
The Plot – Bakers Lane
The self-build opportunity at Bakers Lane presents a rare chance to design and oversee the construction of your dream home from the ground up. Situated within an exclusive development comprising just one additional dwelling, the plot enjoys a private and highly desirable setting.
The approved plans include permission for a detached single garage and a well-considered first-floor layout featuring four generously sized double bedrooms, offering the ideal foundation for a bespoke family residence in an exceptional location.
**Planning Application Number:** 260014
Important Information for Self-Build Purchasers and Developers
Where the plot is purchased by an individual self-builder, the intention is for the buyer to construct their own home in accordance with the principles outlined in the Self-build and Custom Housebuilding Act 2015.
If acquired by a developer, the Act does not place direct obligations on the purchaser regarding delivery of self-build housing. Responsibility under the legislation rests with the local planning authority, which must consider demand for self-build and custom-build housing when assessing housing supply.
Any formal requirement for self-build provision would only apply if specifically secured through planning conditions or a Section 106 Agreement linked to the planning consent. This principle applies equally to smaller developments, including schemes consisting of only two dwellings. In the absence of such restrictions, there is no limitation on how the land may be acquired or developed following the grant of planning permission.
Stamp Duty Advantages-
Purchasing a self-build plot can offer significant financial benefits when compared with buying a completed home of similar value. One of the key advantages relates to Stamp Duty Land Tax (SDLT).
With a conventional property purchase, SDLT is calculated against the full market value of the completed property. In contrast, with a self-build or custom-build project, SDLT is payable only on the purchase price of the land itself rather than the value of the completed home, potentially resulting in substantial savings.
- Property reference CWR080213661
- Tenure Freehold
- Broadband Check availability
- Mortgage calculator Try our mortgage calculator
Request viewing
Alternatively, you can call us on 01206 564259 or visit us in branch
How much stamp duty will I pay?
Stamp Duty Calculator:
£
Mortgage calculator
Not sure if you can afford this property? Try our handy mortgage calculator tool.
Click hereProperty marketed by
Colchester Estate Agents
Property information contact details
David Chinery
Valuer
Without a doubt there are two large driving forces for people moving to the area. The excellent range of private and state schools. The grammar schools annually top the league tables across the country. The range of private schools offer a more tailored education and are exceptionally well sought after. The second, being value for money, although, as the town grows, house prices within the area look to rise steadily within the coming years.
- £375,517 Average price paid Source: Land registry
- 1,739 Registered applicants with branch Source: Chewton Rose
- 5,972 Properties sold in last twelve months Source: Land registry
Similar properties
-
Self Build Homes
£1,150,000
-
See. Love. Live.
£350,000
Recently sold in Colchester
-
Stylish secluded convenience
£950,000
The information displayed about this property comprises a property advertisement. This property advertisement does not constitute property particulars. The information is provided and maintained by chewton rose. Please contact the chewton rose office directly to obtain full property particulars and any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 and The Home Information Pack Regulations 2007.
The information displayed about this property comprises a property advertisement. This property advertisement does not constitute property particulars. The information is provided and maintained by chewton rose. Please contact the chewton rose office directly to obtain full property particulars and any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 and The Home Information Pack Regulations 2007.
