Land for Sale in Goffs Oak, Hertfordshire

Land off Goffs Lane and Burton Lane, Goffs Oak, EN7 6SQ

Investment land for sale in Goffs Oak, Hertfordshire with strong residential development potential close to Cheshunt, Potters Bar, Enfield, A10 and the M25 motorway.

Why buy land for sale in Goffs Oak, Hertfordshire?

Approximately 38 acres of potential redevelopment land, 19 acres of which are used as the Tudor Nursery with glasshouses. The remaining acreage is vacant grassland. The site has been recognised as being in a Potential Growth Location for additional housing within the Broxbourne Borough Local Development Framework.

The site is surrounded on 3 sides by existing residential development. This, combined with the existing structures on site, adds to the considerable ‘hope-value’ for future development. Vehicular & pedestrian access is currently available from Burton Lane.

The site is located in the large village of Goffs Oak in the south of Hertfordshire. The main towns of Cheshunt & Waltham Cross can be accessed within 3.2 miles. The local infrastructure is well developed providing easy access to local amenities & schools.

It has been reported that there will be a need to find new land for a minimum of around 1,398 dwellings during the period up to 2025 from sites currently in the Green Belt. A further 1,180 new dwellings will need to be developed on Green Belt land between 2025 and 2031.

Buying land for sale in Goffs Oak, Hertfordshire

The property is offered at a guide price of £7,000,000 for the outright sale of the whole site. Alternative options such as an overage agreement; a sale and leaseback and a sale on part of the site would be considered.

Access

Access is from Burton Lane.

Land Prices

English farmland values rose by 3% in the fourth quarter of 2009 taking annual growth to 6.8%, according to the latest results of the Knight Frank Farmland Index.

Farmland prices increased by 164% during the last decade, compared with growth of 37% for prime country houses, 113% for prime residential property in Central London and a 22% drop in the value of the FTSE 100 share index.

The amount of farmland publicly advertised for sale in 2009 fell by almost 30% and this shortage of supply is helping to push up values as demand remains buoyant.

Farmland values are predicted to continue increasing this decade and could double in value again.

RICS Rural Land Market Survey H2 2009

The latest RICS Rural Land Market Survey reports that exceptionally low supply and rising demand for farmland has boosted land prices and expectations. In the East of England land prices increased by 13% on average in the second half of 2009.

The consensus amongst surveyors is that a very thin market is likely to persist during 2010 and this in turn is expected to drive farmland prices even higher. Furthermore, with interest rates expected to remain low for the foreseeable period, there is increasing interest in farmland from non-commercial buyers seeking higher returns on alternative assets.

(Source: RICS Rural Market Survey H2 2009, 09 Feb 2010)

Housing

Even in today’s property market, prices in the area have still remained strong and between the period of January to March 2008, properties have sold at prices 38% above the national average.

Map & directions to the land for sale in Goffs Oak, Hertfordshire

Loading map of land for sale in Goffs Oak, Hertfordshire…

Location

0.7 miles to Cuffley
2.6 miles to Cheshunt
3.2 miles to Waltham Cross
3.7 miles to Potters Bar
3.9 miles to Enfield
4.1 miles to Broxbourne
6.1 miles to Hertford

Goffs Oak is classified as a large village, surrounded by developed towns providing an excellent infrastructure.

The Northaw Great Woods are within a mile of the site comprising of extensive woodland managed for recreation and nature conservation.

The site is also near to the Lea Valley Country Park; London’s biggest open space and covers 26 miles from Ware in North Hertfordshire to the River Thames in London. Lea Valley is also involved in providing venues for the 2012 Olympic Games and has the responsibility for regenerating derelict and neglected land.

The M25 motorway runs to the south of Goffs Oak, accessible within approximately 4 miles. The A10 and A1(M) motorways are also located within short distances, providing travel into London and North to Cambridge and North Hertfordshire. These motorways also make access to international airports easy.

Cuffley Train Station (terminating at Kings Cross) and Cheshunt (terminating at Liverpool Street) are one and two miles from the village centre respectively, and offer fast connection into the city with a journey time of approx. 35 minutes.

The village itself is home to a small selection of convenience stores to meet the local needs. Larger supermarkets can be found in the nearby town of Cheshunt and Enfield.

There are a number of primary and secondary schools within walking distance of Burton Lane, all of which have required exam results that meet and exceed the national average.

Travel & Transport Links

1.4 miles to Cuffley Train Station *
2.4 miles to the A10
4.2 miles to Junction 25 of the M25
4.9 miles to Oakwood Tube Station
5.9 miles to the A1(M)

* 11 mins to Hertford; 34 mins to London Old Street

Planning

The land is designated within the Greenbelt and any development would be subject to planning permission.

Local Authority

Broxbourne Borough Council
Bishops’ College
Churchgate
Cheshunt,
Waltham Cross
Hertfordshire
EN8 9XQ

Hertfordshire County Council
County Hall
Pegs Lane
Hertford
Hertfordshire
SG13 8DE

Method of Sale

The land is for sale freehold by private treaty and sold with vacant possession.

Viewing the land for sale in Goffs Oak, Hertfordshire

To arrange a site visit or to buy the land for sale in Goffs Oak, Hertfordshire; please call 01727 817480 or email enquiries@vantageland.co.uk.

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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.

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