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Nottingham Post
Nottingham Post
National
Karen Antcliff

Land near Notts golf club goes up for sale for luxury housing

Luxury new homes could be built on land near to Coxmoor Golf Club.

Ashfield District Council recently granted planning permission for five luxury five-bedroom detached homes with double garages.

Now the development land has now gone up for sale at a guide price of £925,000.

The 1.2 acre site is part of former livery stables in Cauldwell Road, Sutton in Ashfield, near to Coxmoor Golf Club and Kings Mill Reservoir. It has already created huge interest from housing developers.

Marble Property Services says it has been inundated with enquiries

Steve Thrower, managing director of Marble Property Services, said: "We’re delighted, though not entirely surprised, by the huge interest in this particular plot of land.

"It’s no secret that residential property prices have increased significantly since the start of the pandemic and that people are looking for more space in their homes and more rural settings.

"With more housing urgently needed, it’s a case of supply and demand, and having been granted planning permission already, the opportunity at Cauldwell Livery Stables ticks all the boxes. If the price is right, the interest will always be there."

The agent says that the level of interest shown in this latest development plot indicates a positive step forward for the housing market as the country emerges from the pandemic.

Adding that it also highlights the great potential for other land owners to benefit from the current housing shortage by offering up unused plots for sale.

Estimated price tags for homes of the type expected to be built here would be around £500,000-£600,000, according to the land and property agent.

Steve said: “Most land buyers and land owners don’t know how to value land, so an appraisal can really help to give you an idea of how much it’s worth. So, I’d urge any land owner who thinks they might have plots available to get in touch with us while the going is so good.”

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