UK Strategic Land Investment – Kings Langley – 250sqm Plot
Kings Langley, Hertfordshire
Price per Plot: £15,000 (£60/sqm)
Phase A: Only 11 plots available
Projected Investment Period: 4 to 6 years – no monthly or yearly holding costs
Projected Return: £59,000 (+- R 1,121,000@R19.00) calculated as at the end of the period
The site is located on the north eastern edge of Kings Langley and is approximately 42 acres in size. The site is generally level and is currently used for pastoral use. Kings Langley is a small town, close to the important settlement of Hemel Hempstead in western Hertfordshire, critical commuter belt for London.
Kings Langley falls under the Dacorum Borough Council who are currently preparing a new Local Plan designed to cover the plan period until 2036. The new plan has recently commenced with the Issues and Options Consultation which has identified that, taking into account central Government’s draft housing need methodology, Dacorum will need to provide 25,300 houses. Of this, Kings Langley has been identified as needing to contribute 1000 homes.
- Hemel Hempstead – 4 miles
- Watford – 5 miles
- Heathrow – 23 miles
- M25 motorway – 1.6 miles
- London Central – 25 miles
LATEST PLANNING UPDATE
Whilst the nationwide Lockdowns in the UK had an effect on work being done on the emerging Local Plan it was limited and some progress was made.
The most recent steps were representations being submitted to the Local Plan Strategy consultation in February this year. These representations are currently under consideration by the Council and they are undertaking further technical work to support progressing the plan to the next stage although no timelines have been provided as yet.
At this stage, the Local Development Scheme suggest consultation on Reg 19 version of the plan to occur in June 2021 and we see no reason for this to change.
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