St. Modwen, the UK’s leading regeneration specialist, has put the third phase of its 30 acre site in South Ockendon, Essex on the market.
Marketed by Savills, the 5 acre freehold plot has planning consent for up to 99 new residential units. The well-located site lies just 2 miles from the M25 and immediately adjacent to the railway station, which provides a direct line to central London within 30 minutes.
This site is a part of the wider regeneration project of the former Ford manufacturing facility, which was bought by St. Modwen in 2006.
The overall development has outline planning consent for 650 one, two, three and four bed residential units, extensive landscaping and public open space. The current sale follows the success of the first two phases, both of which were sold to Persimmon Homes in 2012 and 2014 respectively.
The first phase of 92 homes has already been completed with all units sold, whilst development is underway by Persimmon on the second phase of 185 homes.
Rob Barton, Residential Land Director at St. Modwen said that he is confident that the sale of this phase will see the pattern of success continue.
“The success of the first two phases demonstrates the huge demand for new residential sites in this area of Essex.
“South Ockenden has proven demand from young families and commuters and the availability of a further 99 new homes in this location will be a welcome contribution to buyers in this area.”
Following this sale, a final 11.7 acre phase of development remains to be brought to the market for further consented residential units.
Savills is acting for St. Modwen on the sale.