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
North Somerset Local Plan is undergoing a review due to its deficiency in meeting its housing supply, in particular with regards to its unmet cross boundary housing and we have been promoting our site during the course of this review including the submission of a settlement wide growth masterplan that includes our site. We continue to wait for the next step in the review process which is scheduled for end 2022 and early 2023.
Alongside this, Government has approved plans to coalesce Somerset’s 5 councils into one single unitary council including Sedgemoor. This will take effect in April 2023 and will provide us with the opportunity to promote our site as well as the above-mentioned masterplan to the new planning authority.
Sedgemoor have also expressed an interest in utilizing the site for traffic alleviation measures to relieve tourism traffic to caravan sites in the north and we will continue to engage with the council in this regard.