Residential Conversion Opportunity at Sherington Nurseries
£500,000
Venture Commercial are pleased to introduce a prime residential conversion opportunity at Sherington Nurseries,on the outskirts of Milton Keynes.
Part of the site being marketed benefits from Prior Approval (Reference: 24/00569/PRIOR) for the conversion of agricultural buildings into three residential dwelling houses. The prior approval allows conversion of the existing building into 2 x 4 Bedroom and 1 x 3 Bedroom bungalows. This planning opportunity received under Class Q (permitted development) offers small to medium sized developer a scheme to implement and construct high-quality, well-designed homes in a desirable location.
Approved Residential Development Overview:
The development consists of three dwelling bungalows, each offering spacious and thoughtfully designed accommodation:
Each unit is designed to provide comfortable, modern living spaces suitable for families, professionals, and downsizers looking for a peaceful yet well-connected location.
The conversion consists a combined total size of 2,786 square feet and a gross development value (GDV) of £1,300,000. Please refer to table below for further information.
Unit
|
House Type
|
Bedrooms
|
Size
|
Marketing Value (£)
|
Unit 1 |
Terraced Bungalow |
4 bedrooms |
970 sq.ft. |
£450,000 |
Unit 2 |
Terraced Bungalow |
3 bedrooms |
844 sq.ft. |
£400,000 |
Unit 3 |
Terraced Bungalow |
4 bedrooms |
972 sq.ft. |
£450,000 |
Total |
|
|
2,786 sq.ft |
Total GDV: £1,300,000
|
This site will be ideal for Residential Developers who are seeking a ready to go project in a popular area on the outskirts of Milton Keynes where there is strong demand for residential housing. Homebuyers and families will appreciate the spacious layouts, private gardens, and dedicated parking areas, making these homes ideal for those seeking a rural lifestyle in a picturesque area.
There is also an opportunity for further phases of development to be undertaken on the whole of the site, subject to planning permission, to which the land owner is open to further discussions on strictly via the agent.
Location
Located between Newport Pagnell, Chicheley, and Olney, and on the outskirts of Milton Keynes, Sherington Nurseries offers excellent connectivity. With close proximity to the A509 and M1, the site provides easy access to major transport routes, making it a convenient location for commuting and local amenities.
This approved residential development at Sherington Nurseries is a rare opportunity to create a high-quality housing scheme in a sought-after location.
Please contact Shyam Patel at Venture Commercial for further information.
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