A residential development site in Cheshunt, Hertfordshire, with a GDV in excess of £300m has hit the market.
The 17.2-acre site has outline planning permission for 762 private and 114 affordable new homes, across a series of buildings of up to seven storeys, alongside ancillary commercial and leisure space.
The site, which was formerly owned by Inland Homes, sits within a wider masterplanned area that could provide up to 1,725 new homes.
It is located within the green open spaces of the Lee Valley Regional Park and offers excellent access to central London and Cambridge via Cheshunt railway station, as well as immediate access to the A10 and M25 motorway.
Aimee Pritchard-Davies, partner in the City and east land team at Knight Frank, which has been appointed to market the opportunity, said: “This is an exciting opportunity to deliver much-needed housing in a prime suburban location offering superb connectivity into central London in under 30 minutes. The distinct phasing of the scheme allows for the revision of the existing permission and density to allow for the introduction of alternative unit types and differing living sector uses”.
James Liddiment, managing director, real estate advisory group at Kroll, added: “Following the recent insolvency of Inland Homes and its various subsidiaries, the administrators of Cheshunt Lakeside Developments Limited, Emira Developments Limited and Delamere Estate (Cheshunt) Limited are now in a position to bring the collective site to market, offering purchasers the opportunity to leverage this significant consented scheme and work with all stakeholders to maximise the outcome.”
