Old House Lane, Kings Langley, Hertfordshire, WD4 8RS
A wonderful opportunity for you to own a parcel of arable land in a fantastic location close to Watford and in the Greater London Urban Area. The property is suitable for a wide variety uses from agricultural activities to other recreational and leisure pursuits.
The site benefits from road frontage and gated access onto Old House Lane to the north and is surrounded in the main by woodland to the south and east.
The land is situated in the highly affluent village of Kings Langley, close to the M25 and just north of Watford - where local train stations offer fast and frequent rail links into Central London in just 16 minutes. The combination of its proximity to London and good transport links have meant that property in this area is much sought after.
The land benefits from gated access and road frontage onto Old House Lane. Full vehicular right of way is provided to all lots via an 8m easement (shown blue on the site plan).
The land is offered for sale by private treaty as a whole or in lots. The freehold is available with vacant possession upon completion.
House prices in the Three Rivers District are very high and affordability has been worsening. Alongside the need to provide more housing to meet forecast housing growth, there is therefore a particular need to achieve more affordable housing.
The Council considers that it is appropriate for Three Rivers to provide 4,500 dwellings between 2001 and 2026, a target of 180 homes per year. Development in Secondary Centres, such as Kings Langley, will provide approximately 24% of the District’s housing requirements.
To meet development needs, it will be necessary to review the boundaries of the Green Belt at the edge of existing settlements within the district.
There will be a challenge to maintaining the extent of the Green Belt while providing for local development needs and meeting regional housing targets.
(Source: Local Development Framework Core Strategy, Adopted 17 October 2011)
The land is designated as Green Belt and lies within the Chilterns Character Area. Any development would be subject to the appropriate planning permission.
Land supply remains at a record low, but growing demand sees land values edge higher
The average price of land increased by 3% last year. The amount of land coming onto the market remains at an all-time low. This record low level of supply continues to underpin the growing demand for land, a trend which is expected to continue in 2021.
Lifestyle and amenity land has been particularly sought after as Covid-19 increased the desire for more green space.
Demand from private investors and lifestyle buyers has grown and together they have accounted for 40% of land purchases in the last three years. There has also been an increased number of overseas buyers as the pound remains relatively weak.
With bank interest rates remaining low, land continues to be seen as a safe, long-term investment – particularly during times of economic uncertainty.
If you are looking to buy land in a different location, why not take a look at:
The land is available freehold as a whole or in lots. The site plan is indicative and Vantage Land may be able to amend the plan to offer you the acreage you require. Please call 01582 788870 if you have an alternative budget or size requirement.
|1 (road frontage)||2.70 acres||SOLD|
|2 (road frontage)||3.24 acres||SOLD|
|3 (road frontage)||2.86 acres||SOLD|
|4 (road frontage)||2.54 acres||SOLD|
|5 (road frontage)||2.43 acres||SOLD|
Old House Lane, Kings Langley, Hertfordshire, WD4 8RS
Three Rivers District Council
The land is situated is an extremely affluent area where house prices increased by 6% last year and are 87% above the national average. These premium house prices reflect the desirability of the village as a place to live and own property – including land.
Kings Langley is a historic village in Hertfordshire, northwest of Watford and just 19 miles from central London. Kings Langley is part of the London commuter belt and included in the government-defined Greater London Urban Area.
Kings Langley is a popular and attractive place in which to live, work and visit. The village has range of good local amenities and the High Street has a variety of shops. The village lies close to the M25 and M1 giving it a central location in the UK motorway network.
Economically, Kings Langley is closely linked to Watford; a major regional centre for the northern home counties. The town contains the head offices of a number of national companies and is also the UK base of various multi-nationals.
The primary shopping area in Watford is the Intu Shopping Centre, a large purpose-built indoor mall with over 140 shops, restaurants and cafes. The High Street, running through the town centre, is the main focus of activity at night having a high concentration of the town’s bars, clubs and restaurants.
To the north of the town are the Warner Bros. Studios - the only Hollywood film studio with a permanent base in the UK. The studio plans to invest more than £100million into the site creating hundreds of new jobs.
Watford is served by 3 railway stations and a Tube station. These rail stations offer frequent and fast rail links to Central London in as little as 16 minutes.
Major redevelopment of Watford Junction train station is planned for the next 10 years. These include plans that are already under way to extend the Tube into the town centre by diverting the Metropolitan line branch to Watford Junction. The new route is expected to open in 2018.
In August 2014 the Transport Secretary announced proposals to extend Crossrail into the Hertfordshire area. This would connect Watford Junction to the City cutting travel times to Canary Wharf to just 43 minutes.
The land is close to many affluent towns and villages including Rickmansworth, Radlett and St Albans. These prosperous areas have many independently owned shops, boutiques, cafes and restaurants that give the area a unique character and charm.
The London towns of Harrow, Wembley & Uxbridge are all close by and provide further transport links into Central London, which is just 19 miles from the land.
* On the Metropolitan Line of the London Tube
** Journey Times: 16 mins to London Euston; 16 mins to St Albans; 21 mins to Milton Keynes; 1 hr 8 mins to Birmingham
To arrange a site visit or to buy the land for sale near Watford; please call 01582 788870 or email firstname.lastname@example.org.
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.