HARRIS LAMB SECURES WORCESTER LAND SALE FOR 61-HOUSE REDEVELOPMENT
Harris Lamb has sold a 13-acre plot of land in Worcester to developer Amber Residential Property Ltd.
The house-builder intends to redevelop the site off Newtown Road to build 61 new homes.
Andrew Lamb, Director, oversaw the sale on behalf of Severn Trent, and said that there had been a significant amount of interest in the site due to its attractive location.
“This particular site was in high demand with developers thanks to its prime location – the land is close to the former Tolladine Golf Course and has fantastic views – and the sale was completed in less than six weeks.
The site has already been awarded outline planning consent for 61 properties, which will include 24 affordable units consisting of four one-bedroom, 12 two-bedroom, four three-bedroom and four four-bedroom homes.
Andrew added: “Demand for residential land has surged over the past 18 months as confidence has returned as the sector; something that initiatives such as the Government’s Help To Buy scheme and developers’ commitment to provide affordable units have supported.
“Harris Lamb works with a number of clients to identify suitable land supplies for residential development and, having established our Residential and Affordable Housing department at the beginning of the year, we now have increased insight, contacts and knowledge to work with interested developers to secure the sale, planning permission and support site-works where appropriate.”
Construction at the site is expected to start later this year.
Harris Lamb’s reputation for residential land sales sees the business work with a number of private land-owners to negotiate sales with leading UK developers.
Prior to securing the sale of the Newtown Road site, the business sold an eight-acre site off Station Road in Salford Priors to Bovis Homes for a 60-house development on behalf of Alamo, a 15-acre site in Stone, Staffordshire on behalf of Nova Capital Management to Taylor Wimpey for a residential development of 215 new homes and a 10-acre land parcel in Chesterfield to Avant Homes for a 91-plot development on behalf of GKN.
For more information on land sales, contact the Residential team on 0121 455 9455.