Summary - SHERINGTON NURSERIES, BEDFORD ROAD MK16 9NQ
1 bed 1 bath Land
Substantial freehold plot with permitted conversion potential and strong GDV upside.
- Prior Approval for conversion into three bungalows (Class Q ref 24/00569/PRIOR)
- Total internal area 2,786 sq ft across two 4-bed and one 3-bed units
- Freehold, extremely large plot with room for potential further development
- Estimated GDV £1,300,000 vs guide price £500,000
- Rural location with low crime, peaceful views, good mobile signal
- Very slow broadband; provision/upgrades likely required
- Conversion opportunity requires construction and fit-out budgets
- Any additional development beyond Class Q will need full planning
A rare Class Q conversion site at Sherington Nurseries offers a clear route to three new bungalows totalling 2,786 sq ft. Prior Approval (Ref: 24/00569/PRIOR) covers conversion of agricultural buildings into two four-bedroom bungalows and one three-bedroom bungalow, presenting predictable planning certainty for small to medium developers or investors. The site sits in a prosperous rural village setting between Newport Pagnell, Chicheley and Olney, with peaceful countryside views and low local crime.
The plot is extremely large and freehold, with an estimated gross development value (GDV) of £1,300,000 against a guide price of £500,000 — a notable value gap for a permitted conversion. Proposed designs show contemporary single-storey homes with private gardens and parking, suitable for family buyers or a rental portfolio. Broadband speeds are very slow, so consider fibre rollout costs or alternative connectivity solutions when modelling returns.
This is a conversion-led opportunity rather than a blank-site consent; the sale benefits from Class Q permitted development but any additional on-site development would require further planning approval. The site’s rural character and excellent mobile signal are strengths, while infrastructure needs, build cost exposure and slower digital connectivity are material factors buyers should factor into budgets and timings.
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