Lewisham Way plot sold

As the housing market heats up again, some of the area's last remaining residential development opportunities are beginning to show signs of life. Richard writes:

A building plot in the conservation area sold this week at auction (Lot 35) for £310,000. 

It is the 'land at the rear' of 170 Lewisham Way. Someone subdivided their garden a few years ago and sold it off. The site was given planning permission for a 3 bed house back in 2003

The land was sold again in 2005. No building on the site was ever undertaken and the previous permission has lapsed. 

The site had a lot of fly tipping on it until recently, but was cleared up prior to selling and is now a empty. I'd expect to see a planning application being submitted in the next few months. It could prove controversial as it may be considered a mews location.

6 comments:

Richard Elliot said...

I think the site would suit something really innovative. Hopefully it has been sold to someone who will do something positive with the place.

Land banking said...

a lot of land banking in Lewisham/Brockley. Let's hope that this time they develop it rather than sitting on the planning permissions and profiting on the fast increase of property prices in the area.


Planning permission should penalize land banking by increasing higher and higher charges for late development.

Monkeyboy said...

faisal islam (the cherubic CH4 news financial chap) has some interesting stuff to say about the insanity of the homebuilding, house price, planning regs here...

http://www.amazon.co.uk/The-Default-Line-Inside-Nations/dp/1781854106

excellent primer if, as me, youre still a bit bemused about the last 5 years.

Headhunter said...

That site has been a real eyesore in the past with flytipping but I think it's mostly been cleared now. As it's so close to Manor Ave development will probably be permitted, it seems that the council allows projects which are at the end of the mews, near tarmacked roads, they're less keen on approving developments mid-mews...

Ronald said...

Tell that to McDonald's. Im lovin' it! Golden arches all the way.

Shorty said...

Maybe a 1year rule - use it or loose it!

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