Two parcels of land at Harbury Lane in Royal Leamington Spa have been sold to Taylor Wimpey and Persimmon following a deal brokered by Bruton Knowles.
The site, south of Harbury Lane, is two miles from Royal Leamington Spa and Warwick town centres and within the A C Lloyd Homes' Oakley Grove. It will provide a total of 420 new homes for the community.
Robert Anthony said: " Bruton Knowles worked with the land owner and the lead developer and promoter A C Lloyd Homes on this Urban Extension for over a decade, bringing the greenfield site through the planning system and now a final sale subject to Taylor Wimpey and Persimmon Homes achieving detail planning permission for 420 homes.”
Both Developers have now started on site with the vendors in association with A C Lloyd Homes constructing a spine Road from the Lane to serve the two parcels of land.
The wider strategic site has outline planning permission for up to 750 homes together with provision for a 17 hectare country park, a primary school, play areas, allotments, and public open space as well as contributing significant offsite contributions under a Section 106 Agreement.
Robert Anthony said: "This is a significant residential development and will include 40 per cent affordable homes including social, affordable rental and shared ownership options for local residents."
A short distance from the village of Bishops Tachbrook, the location offers good connectivity via junctions 13 and 14 of the M40 Motorway, some 30 miles from Birmingham and 44 from Oxford.