Sutton Courtenay, Abingdon OX14

Sutton Courtenay, Abingdon OX14

A significant residential development opportunity covering approximately 7.28 acres (2.95 hectares) with outline planning permission for 91 new residential dwellings on the edge of Sutton Courtenay.

The Property is situated to the immediate south of the B4016 (Appleford Road) and provides strong transport links to the A34 and the national motorway network beyond. Sutton Courtenay is a village on the River Thames in central Oxfordshire, sitting within the administrative boundary of Vale of White Horse. The Property is approximately
two miles south of Abingdon-on-Thames where a full range of amenities can be found, including national retailers, restaurants and leisure facilities. The Property is two miles from Culham train station and five miles from Didcot Parkway train station and as such is well located for commuting to Oxford and London (Paddington in approximately 40 minutes). The village offers a range of accessible facilities including Sutton Courtenay Church of England Primary School, All Saint’s Church, village shop, three public houses and
other facilities. The Culham Science Center is 3 miles to the north east and provides an extensive range of employment opportunities.

The Property is now vacant having been used by a plant and machinery hire business until recently. It comprised areas of hardstanding used for parking and storage and a number of associated buildings and temporary structures used for storage and ancillary office facilities. It formerly made up part of the headquarters for Amey plc, together with land to the immediate east where a scheme for 104 dwellings (approved in April 2013 – “Phase 1”) is currently being built out by Persimmon Homes.
• The northern boundary is formed by the B4016
(Appleford Road)
• The eastern boundary lies adjacent to Phase 1
• The southern boundary lies adjacent to open countryside
• The western boundary is irregular and sits adjacent to existing residential development on Amey Close, together with further open countryside. The vendors will deliver the Property clear of all existing structures and hardstanding together with remediation works of all known contamination under taken. It has been established with the Vale of White Horse District Council (VWHDC) that these works do not constitute the
commencement of development.

The Property is a second phase of a larger original
development scheme for which outline planning permission for 195 dwellings was initially granted in April 2013 (P10/V1907/O), with Reserved Matters Approval granted in December 2015 (P14/V2061/RM). Having sold Phase 1 to Persimmon Homes in 2015, the Vendors submitted a new outline planning application, in respect of the Property (Phase 2), for 91 new dwellings (to include the creation of a new access direct off Appleford
Road) earlier this year. Resolution to grant outline planning permission was made, subject to the completion of a Section 106 Agreement, at the
VWHDC Planning Committee on 11 July 2018 for:
“Residential development of 91 dwellings and associated access” (Planning Ref: P18/V0069/O)
All matters are reserved except for means of access to the development. The planning permission will be governed by a Section 106 Agreement. The Agreement will provide for the
delivery of 35% affordable housing and a range of financial contributions.
The planning permission will contain a number of conditions.

The development proposed as part of the outline planning application comprises:

• Clearance of facilities on the Property
• Residential development of 91 dwellings
• Formalising access off Appleford Road to serve the proposed residential development

A Data Room has been prepared to accompany these particulars and includes all relevant planning, technical, legal and end sales information, as well as bidding guidance. Prospective purchasers should note that the Vendors will expect them to have obtained and carefully considered the contents of the Data Room prior to submitting their offer.

VAT will be chargeable on the Sale Price

The opportunity is offered for sale freehold with vacant possession by informal tender. Unconditional offers are sought. The Vendors may consider the provision of overage as a part
of offers received. Offers should be received by email in accordance with the Bidding Guidance contained on the Data Room and received
by 12 noon on Thursday 25th October 2018, marked “Sutton Courtenay Tender”.

The Property may be viewed from the highway. Parties wishing to walk the site should arrange an appointment with

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Wholesale interest rates can be lower than retail (bank branch) interest rates
  • You get more loan options because they work with numerous banks and lenders
  • Brokers can finance tricky deals because of their knowledge and various lending partners
  • Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

  • Build off existing relationship (discounts if you have a checking/saving account)
  • You may already know the banker who will handle your mortgage
  • Perhaps more trustworthy, more accountable than a smaller shop
  • Lower interest rates in some cases
  • Ability to add mortgage to existing banking profile and make automatic payments from linked account.

When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

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