Is This the Most Expensive Piece of Acreage Sold in Recent Years?

Posted by Connect UK Auctions on 2nd January 2025 -

In a remarkable event this December, Connect UK Land Auctions successfully sold a substantial 35 acre plot of land situated to the east of Braithwaite Place in Burnham-on-Sea, Somerset, for an impressive £1,250,000. This transaction stands out not only for its significant value but also because the land was sold without any existing planning permission, underscoring the high demand and potential investors see.

The expansive freehold land spans approximately 35 acres and is strategically located in the coastal town of Burnham-on-Sea. Known for its picturesque landscapes and proximity to the River Parrett, the area is a blend of natural beauty and development potential. The plot offers vehicle access via Braithwaite Place, enhancing its appeal for future projects.

 

Significance of the Sale

Achieving an unconditional sale price of £1,250,000 for land without planning permission is a noteworthy accomplishment in the UK auction market. This transaction is among the highest for similar lots in the current quarter, reflecting a robust interest in land auction opportunities, even when planning permissions are not in place.

 

Market Implications

This sale highlights a growing confidence among investors in the potential of undeveloped land. The willingness to invest substantial sums into properties without immediate development rights suggests optimism about future planning approvals and the long-term value of land assets.

 

About Connect UK Land Auctions

Connect UK Land Auctions continues to demonstrate expertise in facilitating significant property transactions across the country. Our ability to attract high-value bids for properties without planning permission speaks of our deep understanding of the market and the trust we have built with investors.