Studio House for sale

£2,500,000

Palmers Road, Wootton , PO33 4NE

Key features:
  • Development Site
  • Planning Permission
  • 40 Dwellings
  • Edge of Village
  • Some with Solent Views
Description

LOCATION Possibly one of the best development sites on the Island. Situated in a lovely rural position on the outskirts of the village of Wootton many of the plots will benefit from spectacular views of the Solent and the surrounding countryside. Wootton Bridge is a large village ideally situated between the principle towns of Ryde and Newport. Fast passenger ferries are available in Ryde giving direct train links to London. Vehicle ferries are also within a 10 minute drive both at Fishbourne and East Cowes providing links to Portsmouth and Southampton. The village is well provided with amenities including 3 convenience stores, public houses, restaurants and doctors. The site is situated to the west of the village and benefits from being close to some lovely countryside walks, the coastal path and the beach at Woodside Bay. 

DESCRIPTION Offered for sale is a freehold site of approximately 7 hectares (17 acres) with outline planning permission for a residential development of 40 dwellings comprising 26 open market detached dwellings and 14 affordable properties. The site is accessed from the far end of Palmers Road, arguably the most sought after road in Wootton, and is split into two parts; the Lower Field and the Upper Field segregated by a beautiful area of managed woodland which will provide a natural screen between the two zones. 

UPPER FIELD The indicative layouts provide for 14 affordable housing units and 16 detached open market properties on this field of circa 7 acres. Some of the units would enjoy rural and sea views. Revised indicative plans have been produced which show the 14 affordable units and 18 detached properties all with garages. 

LOWER FIELD The indicative plans provided for the Outline application showed 10 detached units for this 3 acre field, all of which would enjoy amazing views over the adjacent farmland to The Solent beyond with the towers of Osborne House visible to the West. The vendor has had further indicative layouts produced which would provide 8 larger detached dwellings accessed via a private leafy lane. 

AFFORDABLE As part of the Section 106 Legal Agreement the site offers 14 mixed tenure affordable units. 

TERMS The site is being offered freehold. Our client would consider various options for splitting the site, subject to negotiation. Please enquire for pricing structure. 

PLANNING Conditional Outline Planning approval was granted on 15th October 2019 by the Isle of Wight Council Planning Committee. All planning documents can be viewed at iwight.com by searching the application reference no. P/00741/18.



The draft S.106 agreement is being finalised and is available on request. 

VIEWING All viewings to be arranged via HRD Commercial. Please contact 01983 527727 or email commercial@hrdiw.co.uk.  

Wight Agent:

Hose Rhodes Dickson

Hose Rhodes Dickson
Newport Office, The Estate Office 138 High Street Newport PO30 1TY

Tel 01983 521144
Email Click to Email

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