Towcester Grange, Towcester | Property for sale | Savills
Price on application

Towcester GrangeTowcester

  • Sole agency
  • Freehold
Development land

Key features

  • Towcester Grange is a major residential led development
  • Outline planning consent for 2,750 dwellings granted in March 2015
  • Persimmon Homes delivering wider infrastructure works
  • Opportunity to acquire prime parcel of residential development land
  • The serviced parcels will deliver up to 160 dwellings (10% affordable)
  • Unconditional offers invited by 12 noon Thursday 8th February

Savills (UK) Ltd has been formally instructed to seek unconditional offers for two adjoining fully serviced parcels, on behalf of Persimmon Homes.

About this property

  • Parcels H30a and H34a&b are situated on the south edge of Towcester Grange, bounded by the new link road and adjacent to the new primary school. Together the parcels extend to circa 3.8 hectares (9.4 acres). The parcels combined will deliver up to 160 dwellings, of which 10% are to be affordable. Persimmon Homes will remain responsible for all S106 commitments, with the exception of 10% affordable housing to be provided on the parcel and the uplift schedule within the land sale parcel. The uplift schedule sets out the requirement for percentages of materials, chimneys, window style etc within each character area. A template of the uplift schedule has been included in the planning pack. Persimmon Homes will remain responsible for gaining approval for the infrastructure landscaping with the exception of the linear greenway that runs through the middle of the sale parcel. The purchaser will be responsible for gaining reserved matters approval on this area and for the setting out of POS, which will be done under a license with Persimmon Homes maintaining responsibility for the ongoing transfer of the POS.

Local information

  • Towcester Grange is a major new community located on the southern fringe of Towcester and is bounded to the west by the A43. Towcester is a historic market town and one of the oldest continuously inhabited settlements in the country. It is located in the District of South Northamptonshire and has a population of 11,542 (2021 census).
  • The town has good shopping facilities with the three major supermarkets, plus a range of smaller shops and stores, primary schools and Sponne Secondary School. St. Lawrence C of E Church stands in the middle of the town. Towcester also has a well known racecourse that holds national horse racing events.
  • Towcester has seen its population increase fivefold over the past 60 years due to its strategic central location within the country. It was identified in 2005 by the Milton Keynes & South Midlands Sub-Regional as a Rural Service Area, subsequently giving rise to planning permission being approved for 2,750 units as part of the Strategic Urban Expansion.

Additional information

  • Connectivity:
  • Road
  • Towcester is well connected by road. The site itself is located directly to the east of the A43 and to the south of the A5.The M1 lies circa 11km (6.8 miles) to the north of the site. Towcester is well positioned between larger settlements including Milton Keynes (circa 12.8 miles), Northampton (circa 10.2 miles from) and Banbury (circa 19.9 miles).
  • Train
  • The nearest mainline train station is Northampton which is located approximately 14.6 km (9 miles) from the site. The station provides regular direct services to Birmingham New Street and London Euston with journey times from 1 hour 5minutes and 1 hour 11 minutes respectively. Additionally, Milton Keynes Central station provides regular direct services to London Euston with journey times from 32 minutes.
  • Planning:
  • The site benefits from Outline Planning Permission for the creation of a new mixed use neighbourhood at Towcester, comprising 2750 homes (Application Reference S/2007/0374/OUTWNS).
  • The subject parcels have the benefit of outline planning permission and the successful purchaser will need to submit their own Reserved Matters application in line with the Design Code which includes specifications for building parameters, traditional detailing, materials, enclosures etc.
  • A comprehensive information pack including all relevant planning documents, including the Design Code is available upon request.
  • Method of sale:
  • The property will be sold by way of informal tender. Unconditional offers on the outline consent are invited by Thursday 8th February 2024. Please note the Vendor will not be obliged to accept the highest or any other offer.
  • Please refer to the information pack for a bid proforma.