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Seemingly everything is conspiring against a buoyant land market at present. If it's not build costs and availability of labour, it's planning delays, the cost of money or lack of buyer incentives.

There's no doubt that all the above are impacting upon residual land values, and the pool of ready, willing, and able developer buyers is smaller than it was. Nevertheless, we're still grinding out results; successfully selling any decent opportunity that is sensibly priced.

This former builder's yard on a quiet side road in Anerley has a smart, simple consent for the construction of 4 new three bedroom houses and attracted offers from several local developers. Terms were agreed at £1.18M with a cash buyer, and the sale successfully completed in June 2023.

If you have a development site to sell, please get in touch. We won't necessarily tell you what you want to hear, but we will tell you what your site is truly worth in the current climate.

PROJECT ADDRESS: 75a Cambridge Road, Anerley, London SE20 7XJ

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