BURNHAM-ON-SEA, SOMERSET, UK Sold Out
Our latest strategic land investment site is adjacent to the settlement boundary of Burnham-on-Sea, Somerset. On successful allocation of the site for residential use, it is projected that the plot owners will enjoy in excess of 350% net returns over a seven year period.
The site consists of low grade agricultural land which is adjacent to existing residential development in Burnham-on-Sea. The site is strategically placed on the eastern edge of the town with direct access from the town's main distributor road. It is in a sustainable location, being well located to the town's main supermakets, health care facilities, schools and employment areas, therefore making it a suitable location for an urban extension.
Our Planning Department Comments
- The Core Strategy for the whole of Sedgemoor District, including Burnham, was adopted and replaced the old Local Plan in October 2011. This sets out the broad strategy for development in the district and specifically identifies the site at Brue Farm.
- The Core Strategy submission document at Policy Sl proposes that at least 1575 dwellings should be developed in Burnham-on-Sea and Highbridge over the plan Period, as together they represent a sustainable town.
- The absence of any large brownfield sites in Burnham-on-Sea means greenfield Sustainable Urban Extensions (SUE) are required to meet the housing requirement.
- To establish the preferred SUE location the Council undertook a detailed study which identified our site as a possible location for development. Although this site was not chosen as the preferred location, this was a finely balanced decision that favoured Brue Farm to the south of the town.
- When the next phase of the town's expansion is being planned, land to the east (where our site is located) will be the planners focus.
- Hallam Land together with David Wilson Homes have submitted their formal application for 550 homes, leaving a shortfall of over 1,000 homes still to be built, which will lead to early development here.
Latest Planning Update
Subsequent to the July 2019 planning update, we have met with Sedgemoor LPA to discuss the Local Plan Review with specific focus on flood defence works and the strategic growth of Burnham resulting from the cross-boundary needs that is required by the West of England Joint Spatial Plan.
Submissions have been made to West of England PA supporting the cross-boundary contribution from Burnham and supporting submissions in this regard continues. West of England are now in the process of reviewing all submissions made, particularly from Somerset LPA and this review will extend into early 2020.
We do not expect there to be any significant news to report on until April 2020.