Balcombe Road, Crawley
The Land
Three houses reside in the last three remaining undeveloped large land plots in the area of Crawley. Each property had been occupied by the owners as family homes for in excess of 40 years.
The Story
Two of the clients met with potential developers who each bid for the land. Upon successful negotiations contracts were confirmed with terms agreed to suit all parties. During the process the third homeowner reconsidered and entered into an index linked Option Agreement with a long stop date of ten years giving the owners the confidence in knowing they have an instant buyer at a price that would remain above market value at a time of their choosing and a move at their convenience within the ten year period.
The Progress
The site has been carefully designed and after consultations with the Homeowners, Architects, Planners and the Local Authority, a planning application has been submitted for an additional 8 dwellings. Post planning approval, the developer will purchase the original three houses, enabling the owners to downsize within an agreeable timescale, whilst financially benefitting them.
