BURNHAM-ON-SEA, SOMERSET, UK Sold Out
Our latest strategic land investment site is adjacent to the settlement boundary of Burnham-on-Sea, Somerset. On successful allocation of the site for residential use, it is projected that the plot owners will enjoy in excess of 350% net returns over a seven year period.
The site consists of low grade agricultural land which is adjacent to existing residential development in Burnham-on-Sea. The site is strategically placed on the eastern edge of the town with direct access from the town's main distributor road. It is in a sustainable location, being well located to the town's main supermakets, health care facilities, schools and employment areas, therefore making it a suitable location for an urban extension.
Our Planning Department Comments
- The Core Strategy for the whole of Sedgemoor District, including Burnham, was adopted and replaced the old Local Plan in October 2011. This sets out the broad strategy for development in the district and specifically identifies the site at Brue Farm.
- The Core Strategy submission document at Policy Sl proposes that at least 1575 dwellings should be developed in Burnham-on-Sea and Highbridge over the plan Period, as together they represent a sustainable town.
- The absence of any large brownfield sites in Burnham-on-Sea means greenfield Sustainable Urban Extensions (SUE) are required to meet the housing requirement.
- To establish the preferred SUE location the Council undertook a detailed study which identified our site as a possible location for development. Although this site was not chosen as the preferred location, this was a finely balanced decision that favoured Brue Farm to the south of the town.
- When the next phase of the town's expansion is being planned, land to the east (where our site is located) will be the planners focus.
- Hallam Land together with David Wilson Homes have submitted their formal application for 550 homes, leaving a shortfall of over 1,000 homes still to be built, which will lead to early development here.
Latest Planning Update
As referenced in previous planning updates, we are working with two authorities, namely Sedgemoor Council and the North Somerset Local Authority. The reason for the dual involvement is that Burnham on Sea (which falls under Sedgemoor) has been identified through the Sedgemoor Local Plan as needing to accommodate cross boundary housing needs for North Somerset.
The current North Somerset Plan is deficient in its housing supply particularly in its unmet cross boundary housing and has, as a result commence with an immediate review of its plan which we are participating in.
Representations were made to the initial Reg 18 consultations on issues and options which occurred during the course of Q3/4 2021. These representations included a settlement wide growth masterplan including our site that demonstrates the delivery and growth potential of the area. Furthermore, we have made the necessary representations to demonstrate that the coastal sea defences being implemented currently will satisfy and flood concerns that may arise through the review process.
Whilst we continue to engage with both North Somerset and Sedgemoor through the plan review process, we now await the publication of the Reg 18 draft of the review, but no timescales have been provided for this as yet.