Kenley Lane, Kenley, London, CR8 5ED
An extremely rare opportunity to own a parcel of flat, pasture land inside the M25 and close to Central London. Totalling just over 5 acres, the land is for sale as a whole or in lots suitable for amenity or recreational use, or for paddock conversion.
The land lies within the London Borough of Croydon in the district of Kenley. To the south is Kenley Common; 138 acres of beautiful open green space with stunning views. This, combined with Central London just 13 miles to the north and excellent transport links, makes Kenley a much sought-after and extremely enviable location.
The land is surrounded by housing and each lot benefits from good road frontage and direct access off Kenley Lane. House prices here are 74% above the London Borough’s average and 144% above the national average reflecting the desirability of the area as a place to own property – including land.
Both lots benefit from road frontage and direct access off Kenley Lane. Please note that the entrance gate to Lot 1 will need to be reinstated by the purchaser.
The land is offered for sale by private treaty as a whole or in lots. The freehold is available with vacant possession upon completion.
The land is subject to an Overage based on 25% of any uplift in value following the grant of planning permission for development other than that which is for agricultural or equestrian purposes. The Overage period is 33 years from the date of completion.
The land is designated as Green Belt and is a Site of Nature Conservation Importance. The land also falls within an Archaeological Priority Area (Tier 3). Any development would be subject to the appropriate planning permission.
Land supply remains at a record low, but growing demand sees land values edge higher
The average price of pasture land in the South East of England increased by 5% last year. The amount of land coming onto the market remains at an all-time low. This record low level of supply continues to underpin the growing demand for land, a trend which is expected to continue in 2021.
Lifestyle and amenity land has been particularly sought after as Covid-19 increased the desire for more green space.
Demand from private investors and lifestyle buyers has grown and together they have accounted for 40% of land purchases in the last three years. There has also been an increased number of overseas buyers as the pound remains relatively weak.
With bank interest rates remaining low, land continues to be seen as a safe, long-term investment – particularly during times of economic uncertainty.
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The land is available freehold as a whole or in lots. The site plan is indicative and Vantage Land may be able to amend the plan to offer you the acreage you require. Please call 01582 788870 if you have an alternative budget or size requirement.
Kenley Lane, Kenley, London, CR8 5ED
London Borough of Croydon
The land is situated in an extremely affluent area where house prices on Kenley Lane are 74% above the London Borough's average and 144% above the national average (Zoopla). These premium house prices reflect the desirability of the area as a place to live and own property – including land.
The land is located in Kenley within the London Borough of Croydon - the second largest London borough. Kenley borders Purley, Coulson, Riddlesdown, Caterham and Whyteleafe.
To the south lies Kenley Common; 138 acres of green open space with magnificent views across the Caterham valley and the North Downs. With Central London just 13 miles to the north, the land really does lie in an enviable location.
* Journey Times: 9 mins to Purley; 10 mins to Caterham; 12 mins to South Croydon
** Journey Times: 11 mins to East Croydon; 24 mins to Clapham Junction; 31 mins to London Victoria; 39 mins to London Bridge
To arrange a site visit or to buy the land for sale in Kenley; please call 01582 788870 or email firstname.lastname@example.org.
The Property Misdescriptions Act 1991
Vantage Land Limited has produced these particulars in good faith but cannot guarantee total accuracy. Sizes and distances are approximate. Purchasers should verify any detail of importance prior to viewing and purchase. The particulars are not an offer or contract. Comments made in general advertising may not apply to this particular property and of course planning permission cannot be guaranteed.