Agricultural Land with Pre-App Planning Interest in Cambridgeshire
£620,000 · 15 months · 1.10% pm. A developer with strong local authority relationships had received positive pre-application planning feedback for a residential scheme on agricultural land in Cambridgeshire.
The Client
Developer
The Challenge
A developer with strong local authority relationships had received positive pre-application planning feedback for a residential scheme on agricultural land in Cambridgeshire. He needed to secure the site before a competing developer, with formal planning still to be pursued.
Our Solution
Doulton assessed the pre-app correspondence, the local authority's housing land supply position, and the developer's track record. A £620,000 land loan was advanced to enable unconditional purchase.
The Outcome
Site secured. Formal planning application submitted at month three. Full planning consent obtained at month thirteen. Development facility drawn down to redeem the land loan. Key highlights: Pre-app planning position carefully assessed; Local authority housing supply context considered; Planning obtained - full development now underway.