The sale of development land in Nottingham is set to pave the way for 60 new homes to further address local housing needs.
The site, located to the west of Coventry Lane in Bramcote, extends to approximately 17.2 acres – across two parcels of land – and has been purchased by one of the UK’s leading housebuilders, Keepmoat Homes.
The site at Hulks Farm forms part of the wider allocation identified within the Broxtowe Local Plan.
Sold on a subject to planning basis on behalf of private landowner clients by Savills, Keepmoat Homes obtained planning for 60 homes, 30 per cent of which will be allocated as affordable housing.
The sale comprised two separate parcels of land, with the proposed development of 60 homes located to the south, on approximately 4.5 acres. The remaining c.13 acres, to the north, will be used as part of Biodiversity Net Gain requirements imposed by the Council and is located in the Greenbelt.
Ann Taylor, director in the Savills Development team in Nottingham, says:
“We are really pleased to have completed this sale, which will ensure the delivery of much needed housing that forms part of the Broxtowe Local Plan.
“The development is sensitive and in keeping with the surrounding environment, including an attractive central pond feature, generous newt corridor and enhanced green credentials.
Associate Phoebe Clark, who handled the sale alongside Ann, adds:
“Keepmoat Homes have a track-record of delivering high quality homes and transforming sites into thriving communities, we are confident that this latest addition to their portfolio will benefit future generations for years to come.”
Janet Stirzaker Keepmoat Homes Land Director stated:
“ Keepmoat Homes are delighted to have completed on the purchase of the land at Coventry Lane; with the 60 new homes to be delivered on the site to be called Sherwin View designed to meet the needs of families, who will benefit from the excellent amenities to be found close by in Bramcote, Wollaton and Beeston.
At a time when energy bills are increasing, we have considered the needs of our customers by ensuring all the homes at Sherwin View are designed to be sustainable and include energy saving features, including increased insulation, Solar PV and electric car charging points.”
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During the sale process Savills acted for the landowners, who were represented by Rob Wofinden of Browne Jacobson and Sophie Bohill of Ward Hadaway, represented Keepmoat Homes.
