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This land is offered for Promotion as a whole either by way of a Promotion or Hybrid Agreement on terms to be agreed.
The land comprises open grass fields extending to some 17 acres (6.87ha) in total as shown edged red on the plan overleaf. The land is bounded by established trees and hedgerows with some small ponds and divided diagonally by the access road to Dunmow Park House. The house is Grade II Listed by Historic England.
Access to the land is from a gateway in the north-west corner of the field off Braintree Road.
LOCATION
The land is situated immediately to the south of Great Dunmow Town Centre and lies between Braintree Road and the B1256.
The location benefits from excellent regional transport links with the B1256 and A120 trunk road operating as the main arterial route across North Essex and the A120 connecting to the M11, 8 miles to the west of the property. Stansted Airport is located approximately 6 miles to the north west.
Great Dunmow is an affluent well established market town with a current population of over 3000 providing a full range of local facilities including primary and secondary schools, foodstores and local retail outlets.
One of the strengths of the site is its sustainable location within walking distance of the Town Centre with its established infrastructure and local services and a variety of bus routes. There are established footway links to the Town Centre.
PLANNING
Great Dunmow is one of only two major settlements in Uttlesford and due to the rural nature of the District existing road and rail infrastructure is key to delivering sustainable communities.
Following the withdrawal of the previous draft Plan in April 2020, Uttlesford have recently submitted a revised Local Plan 2021-2041 to the Secretary of State following a Reg 19 consultation in 2024. The Independent examination of the draft Plan will take place in June 2025.
In the Emerging Plan, Great Dunmow is recognised as a Key Settlement to reflect the role it plays within Uttlesford as one of the largest and most sustainable settlements in the District. The Plan provides for at Least 14,700 homes to be delivered in the Plan period of which some 918 dwelling are allocated to farmland to the North-East of Great Dunmow. The Plan assumes the delivery of some 1540 windfall dwellings over the Plan period.
The land is shown in the draft Local Plan as being outside the Settlement and Conservation Area boundary with no specific annotation or protection.
The land south-east of the B1256 has planning permission for 'Refuse lorry depot, classic car restoration, flexible office space enhanced public open space, cycle and pedestrian uses and associated development. (UTT/19/1219/FUL)'
The Great Dunmow Neighbourhood Plan was Adopted in 2016
SERVICES
Mains services are believed to be available in the local area. Great Dunmow Water Recycling Centre lies immediately to the south of the B1256 and has been upgraded by AEA to provide significantly increased capacity.
TITLE
Freehold with vacant possession subject to existing rights of way and easements.
METHOD OF SALE
The land is offered for Promotion as a whole either by way of a Promotion or Hybrid Agreement on terms to be agreed.
Interested parties are requested to register their Interest with us prior to contacting Uttlesford District or Great Dunmow Town Council.
LEGAL COSTS
The Promoter is expected to meet the landowners reasonable legal and surveyors costs in concluding a Promotion Agreement.
LOCAL AUTHORITY
Uttlesford District Council
Council Offices, London Road, Saffron Walden, Essex, CB11 4ER
Tel:
ANTI-MONEY LAUNDERING REGULATIONS
Anti-Money Laundering Regulations require Fenn Wright to formally verify a prospective purchasers identity prior to the instruction of solicitors.
VIEWINGS STRICTLY BY APPOINTMENT
VIA SOLE SELLING AGENTS:
Fenn Wright
20 Duke Steet
Chelmsford
Essex
CM1 1HL
Contact:
Roger Hayward
E:
T: or
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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