BURNHAM-ON-SEA, SOMERSET, UK Sold Out
Our latest strategic land investment site is adjacent to the settlement boundary of Burnham-on-Sea, Somerset. On successful allocation of the site for residential use, it is projected that the plot owners will enjoy in excess of 350% net returns over a seven year period.
The site consists of low grade agricultural land which is adjacent to existing residential development in Burnham-on-Sea. The site is strategically placed on the eastern edge of the town with direct access from the town's main distributor road. It is in a sustainable location, being well located to the town's main supermakets, health care facilities, schools and employment areas, therefore making it a suitable location for an urban extension.
Our Planning Department Comments
- The Core Strategy for the whole of Sedgemoor District, including Burnham, was adopted and replaced the old Local Plan in October 2011. This sets out the broad strategy for development in the district and specifically identifies the site at Brue Farm.
- The Core Strategy submission document at Policy Sl proposes that at least 1575 dwellings should be developed in Burnham-on-Sea and Highbridge over the plan Period, as together they represent a sustainable town.
- The absence of any large brownfield sites in Burnham-on-Sea means greenfield Sustainable Urban Extensions (SUE) are required to meet the housing requirement.
- To establish the preferred SUE location the Council undertook a detailed study which identified our site as a possible location for development. Although this site was not chosen as the preferred location, this was a finely balanced decision that favoured Brue Farm to the south of the town.
- When the next phase of the town's expansion is being planned, land to the east (where our site is located) will be the planners focus.
- Hallam Land together with David Wilson Homes have submitted their formal application for 550 homes, leaving a shortfall of over 1,000 homes still to be built, which will lead to early development here.
Latest Planning Update
Despite Covid19 restrictions being in place for much of 2020 and early 2021 we continued to participate in many of the online consultative meetings where required. Furthermore, where permitted, we continued with the gathering of technical data required to support our submissions.
We are working with two authorities, namely Sedgemoor Council and North Somerset Local Authority both of whom are in the process of resuming face to face consultative meetings now that the CV19 restrictions are being eased.
At this stage Sedgemoor DC are gathering evidence to support the plan review with the Reg 18 draft of the review scheduled for publication for consultation in November 2021 and North Somerset scheduling the next consultations towards the end of the year.