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Residential property: Bidding to land upmarket building plots at Dunchurch.

A national house building company has paid more than pounds 2.5 million for a 2.8-acre development site in the upmarket village of Dunchurch near Rugby.

The residential building land was sold with planning permission for 15 detached houses and included a further 1.45 acres to allow landscaping.

Marketed with a pounds 2 million guide price and sold by informal tender, the land is off the Southam Road, part of the historic estate of the Duke of Buccleuch who built a hunting lodge here - Dunchurch Hall.

The 19th-century property served as a prep school until 1994 and was acquired with outbuildings and grounds by English Courtyard who created an award-winning scheme of retirement cottages and apartments. The land was once part of the playing fields to the Dunchurch-Winton Hall, and sold through the Rugby office of independent chartered surveyors Howkins and Harrison.

Partner Tim Ball said: 'It was probably the highest recorded price per acre for building land in the Rugby area and we were delighted with the result.' The company also reports brisk business for individual building plots as rising house prices tempt self-builders to find some land and design their own homes.

'Building plots are definitely in demand this spring,' said Tim Ball. 'The idea of going for the ultimate in personal home comfort and style, by organising the construction of their own home, looks more and more attractive to many people as house prices rise further. This reflects in the strong competition for small parcels of land, which remains constant, and today's increasing house prices, which make building plots seem like a good investment.'

At an auction last month, a plot for a detached bungalow at Thurlaston village achieved pounds 228,000. A smaller site with permission for a bungalow off Main Street, Wolston, was sold for pounds 135,000.

Earlier this month a 0.84-acre site at Long Buckby was sold by the Rugby auctioneers for pounds 252,000. The land included a building plot with outline permission for one detached house and an existing two-bedroom cottage in need of refurbishment.

Further plots in the villages of Willoughby and Flecknoe are due to go under the hammer at the May 8 auction, being held at the Green Man, Dunchurch.

A guide price of pounds 250,000 is being quoted for the Flecknoe land which has planning consent for two houses.

The guide for the other plot, with permission for a four-bedroom house and garage, is pounds 130,000. Howkins & Harrison advise would-be self-builders to do their homework before bidding at auction.

Designs should already be drawn up and budgets set, to include land, materials, labour, site insurance and temporary accommodation. Potential buyers should also be aware of all conditions of the planning permission.

Details on the forthcoming sale from Howkins & Harrison, telephone 01788 560321.

A national house building company has paid more than pounds 2.5 million for a 2.8-acre development site in the upmarket village of Dunchurch near Rugby.

The residential building land was sold with planning permission for 15 detached houses and included a further 1.45 acres to allow landscaping.

Marketed with a pounds 2 million guide price and sold by informal tender, the land is off the Southam Road, part of the historic estate of the Duke of Buccleuch who built a hunting lodge here - Dunchurch Hall.

The 19th-century property served as a prep school until 1994 and was acquired with outbuildings and grounds by English Courtyard who created an award-winning scheme of retirement cottages and apartments. The land was once part of the playing fields to the Dunchurch-Winton Hall, and sold through the Rugby office of independent chartered surveyors Howkins and Harrison.

Partner Tim Ball said: 'It was probably the highest recorded price per acre for building land in the Rugby area and we were delighted with the result.' The company also reports brisk business for individual building plots as rising house prices tempt self-builders to find some land and design their own homes.

'Building plots are definitely in demand this spring,' said Tim Ball. 'The idea of going for the ultimate in personal home comfort and style, by organising the construction of their own home, looks more and more attractive to many people as house prices rise further.

'This reflects in the strong competition for small parcels of land, which remains constant, and today's increasing house prices, which make building plots seem like a good investment.'

At an auction last month, a plot for a detached bungalow at Thurlaston village achieved pounds 228,000. A smaller site with permission for a bungalow off Main Street, Wolston, was sold for pounds 135,000.

Earlier this month a 0.84-acre site at Long Buckby was sold by the Rugby auctioneers for pounds 252,000. The land included a building plot with outline permission for one detached house and an existing two-bedroom cottage in need of refurbishment.

Further plots in the villages of Willoughby and Flecknoe are due to go under the hammer at the May 8 auction, being held at the Green Man, Dunchurch.

A guide price of pounds 250,000 is being quoted for the Flecknoe land which has planning consent for two houses.

The guide for the other plot, with permission for a four-bedroom house and garage, is pounds 130,000. Howkins & Harrison advise would-be self-builders to do their homework before bidding at auction.

Designs should already be drawn up and budgets set, to include land, materials, labour, site insurance and temporary accommodation. Potential buyers should also be aware of all conditions of the planning permission.

Details on the forthcoming sale from Howkins & Harrison, telephone 01788 560321.
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Publication:The Birmingham Post (England)
Date:Apr 26, 2002
Words:940
Previous Article:Residential property: Looking for a home on the hoof.
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