Folly Gate Development

Folly Gate , Devon

£795,000 Freehold
Folly Gate DevonEX20 3AQView Map

This is a fantastic opportunity to acquire a larger 10 x building plot site in a lovely village of Folly Gate which is on the outskirts of Okehampton, Devon. The site benefits from outline planning permission which was granted on appeal on the 27th of September 2021 for 10 new houses (6 discounted houses at 20%, and 4 open market value. With first option to purchase phase 2.
This outstanding level site sits surrounded by beautiful open countryside surrounded by trees and countryside hedging. Whilst there is a larger affordable proportion however, GDV calculations for these 6 semi-detached properties are impressive and not forgetting the additional 4 x full value detached properties.

The village of Folly Gate is a small settlement in the parish of Inwardleigh, set on the fringes of Dartmoor and only 2.5 miles to the bustling town of Okehampton, Devon with a myriad of shops, supermarkets, restaurants and now a train service to the Cathedral city of Exeter with its world renown University, Southwest financial hub, main train line to London and international airport. Locally, there is a village pub called ‘Crossways’ village hall and at the road junction with the A386 is a regular local bus service to Okehampton and outlying villages. All main arterial road-links are nearby and the dual carriageway A30 are within  10 minutes.

 

PLANING

The planning permission Ref. 0321/20/OPA

Appeal Ref. APP/Q1153/W/21/3273815

Plot size. 0.681 hectares, 1.68 acres

 

TENURE

Freehold

VIEWINGS.

All viewings and enquiries are to be made through the agents, Ware Commercial.

TEL. 01803 328880 or 01392 462266 Email. [email protected]   www.warecommercial.com

Misrepresentation Act

Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.