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Detached in Northampton, 20 bedroom(s), 0 bathroom(s). Located in NN5 4BL. For sale: £5,000,000. ST CRISPIN'S REGENERATION OPPORTUNITY Northampton, Northamptonshire ONE OF THE MIDLANDS' MOST SIGNIFICANT CONSENTED RESIDENTIAL-LED REGENERATION AND HERITAGE DEVELOPMENT OPPORTUNITIES Sell New Group is delighted to present an exceptional opportunity to acquire a substantial consented residential development site within the historic grounds of the former St Crispin's Hospital, Northampton. Positioned within the highly sought-after St Crispin Conservation Area, this landmark development benefits from an established planning consent for 235 residential dwellings, with approximately 207 units remaining to be delivered and sold. The site represents a rare opportunity to acquire a large-scale, de-risked residential regeneration project combining significant heritage assets, completed enabling works, proven sales history and a clear route to delivery. Importantly, the development is located approximately 25 miles (circa 30 minutes' drive) from the proposed United Kingdom Universal Resort, Bedford, a transformational project expected to create thousands of jobs, substantial inward investment and increased housing demand across the wider region. For developers seeking scale, planning certainty and significant GDV potential, opportunities of this nature are exceptionally rare. INVESTMENT HIGHLIGHTS Planning consent for 235 residential units under application N/2015/1454 Approximately 207 units remaining Landmark Grade II Listed Clock Tower approved for conversion Former Administration Building approved for residential conversion Significant enabling works completed Two underground car parks already excavated Approximately 50% of CIL and S106 obligations already discharged Proven sales history with previous phases completed and sold Established residential neighbourhood with strong market demand Premium heritage and new-build product mix Potential for phased development and delivery Excellent road and rail connectivity Significant GDV and profit potential DEVELOPMENT OPPORTUNITY The approved masterplan has been carefully designed to maximise the value of the site's unique heritage assets whilst creating a highly desirable residential neighbourhood. At the centre of the scheme stands the iconic 40-metre Clock Tower and former Administration Building, both approved for residential conversion and offering the opportunity to create some of Northampton's most prestigious apartments. The consented scheme comprises: Heritage apartment conversions New-build apartment buildings Family townhouses Landscaped public realm Open space and communal areas Underground parking facilities The blend of heritage architecture and high-quality new-build housing creates a distinctive residential offering capable of commanding premium values within the local market. DE-RISKED DEVELOPMENT PLATFORM A substantial amount of development risk and upfront expenditure has already been removed. Completed works include: Delivery and sale of previous phases (Plots 75-102) Excavation of two underground parking structures Planning consent secured Conservation approvals secured Partial discharge of planning obligations Established market acceptance and sales evidence The successful delivery of earlier phases provides tangible evidence of both demand and scheme viability, significantly reducing execution risk for an incoming developer. COMMERCIAL APPEAL This opportunity offers a number of key advantages rarely found within a single development project: Proven Demand Completed phases have been successfully sold, providing confidence in both pricing and absorption rates. Heritage Premium The approved heritage conversions offer the opportunity to create unique residential products capable of achieving premium sales values. Scale & Flexibility With approximately 207 units remaining, the site provides sufficient scale for phased delivery whilst maintaining flexibility over build-out strategy. Planning Certainty An established planning framework significantly reduces planning risk and allows for accelerated implementation. Reduced Upfront Costs Major enabling works and a significant proportion of planning contributions have already been completed. Multiple Exit Strategies The development lends itself to: Open market sale Build-to-rent Forward funding Institutional investment Phased land disposal Joint venture structures STRATEGIC LOCATION St Crispin's is widely regarded as one of Northampton's most desirable residential locations, benefiting from mature landscaping, extensive open spaces and strong local amenities. The development enjoys attractive views across the cricket pitch and surrounding green spaces, enhancing the value proposition of the proposed apartments and family homes. Residents benefit from immediate access to: Northampton Town Centre Sixfields Retail & Leisure Complex Schools and nurseries Healthcare facilities Public open space and countryside CONNE…
Price: £5,000,000.00
Location: Northampton, NN5 4BL
Published by John Milne on OmniList.
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