Bruton Knowles has successfully secured the sale of land on the outskirts of Abergavenny which will be used to provide much needed housing.
Located at Deri Farm in Mardy, the sale, on behalf of a private landowner to Persimmon Homes, will result in 250 dwellings being built and will include a selection of affordable homes.
Mike Rees, former Partner at Bruton Knowles identified the land as a strategic site over twenty years ago but recognised the constraints on development given its proximity to the National Park and over a kilometre of overhead power cables which cross the land.
In 2017 and following the culmination of extensive negotiations, planning consent was finally granted, subject to various conditions. These included grounding of the high voltage power cables, in accordance with initiatives being implemented by National Grid to reduce the impact of energy transmission on the landscape.
The county of Monmouthshire achieves some of the highest house prices in Wales. The 9.10 hectare (22.49 acre) site will help alleviate pressure on current housing stock and provide desperately needed housing for local people wanting to live in the town.
Lisa Roberts from Bruton Knowles said: “At a time when the whole of South Wales needs more new housing we’re delighted that the sale has been completed. Demand for homes in south east Wales continues to grow and we anticipate this will be become even more apparent once the Severn bridge tolls are abandoned in early 2019.”