The Acorn Group has opened 7 residential agency branches in the LB Bexley over the last 36 months, and as a result our work with development opportunities in the borough has increased exponentially.
At the time of writing we have three live planning applications for clients, five projects on site and several opportunities for sale; including one with consent for 25 units, and another with potential for 30+. Our track record for land sales in Bexley during 2020 has also been very good, and there's no doubt that the real-time sales evidence shared by our New Homes Division helps breed confidence in potential buyers, and ultimately drive the residual land value.
This prominent corner site in 'North Heath' has a very smart consent for 9 two bedroom flats, but wasn't without its troubles. Our client only had possessionary title on half of the site, and as such getting a sale to stick (particularly in the midst of lockdown) was never going to be easy. We worked closely with both solicitors and the buyer's bank to put indemnity cover in place that would satisfy all parties. The site is opposite our Northumberland Heath office, so the branch team are very excited to 'Acorn' the hoardings!
If you're selling a consented development site in the current climate it's vitally important that your agent has access to real-time plot sales evidence. Land Registry records can be up to 6 months behind the market, and in any event, better to pick an agent that makes the market rather than follows it…
PROJECT ADDRESS: 176 & 178 Bexley Road, Northumberland Heath, Kent DA8 3HF