Summary - 2-4, PANFIELD LANE CM7 2TH
1 bed 1 bath Plot
Approved consent for six homes and office, strong GDV potential and off-street parking.
Freehold plot with approved consent for 6 homes and an office (24/01174/FUL)
An established freehold plot with secured planning permission for six homes plus an office, positioned in central Braintree. The consent (BDC ref 24/01174/FUL) covers parking, bin and cycle stores, and indicates a proposed GDV around £1,750,000, offering clear development upside for a short-term developer or investor.
The existing site contains a large warehouse which must be demolished to implement the approved scheme — purchasers should allow for demolition costs, site clearance and any abnormal groundworks. The scheme appears to deliver modest two-storey townhouses with small-to-average rear gardens and shared off-street parking; this suits infill urban housing demand but limits larger-family appeal.
Practical attributes include a large plot in a town-centre location, excellent mobile signal and fast broadband, and nearby amenities and schools. Risks to budget and programme include demolition, potential planning conditions, and typical urban constraints; buyers should confirm council conditions, services, and build costs before exchange.
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