It’s been a busy few months for Catesby Estates plc, with a number of land sales, land promotion appointments, public consultations and planning permissions awaiting decision:
Three sales have been completed with a further 3 in the pipeline; 7 acres for 70 new homes in Wilstead was sold to Bellway Homes, 6.5 acres for 55 homes in Alford was sold to Cala Homes and a further 15 acres in Abingdon for 200 homes was sold to David Wilson Homes.
The average affordable housing provision was 38% across all three sites demonstrating our recognition of the current housing crisis and the need to provide a wide range of housing.
Our land team continues to be busy with new sites, with recent residential promotion deals secured at Fleckney; 37 acres, Shefford; 10.6 acres, Melksham; 74.9 acres and our freehold purchase of a 13.8 acre site in Wylde Green.
The delivery of strategic infrastructure work to support the Myton Green residential development of 790 new homes in Warwick is gathering pace and is due to commence later this summer lasting around 56 weeks.
We have worked in partnership with the landowners Europa Way Consortium, to look at ways of maximising land value by the creation of serviced land parcels through the provision of infrastructure, whilst also developing a site that is sensitive to the area in which it sits. In time, the development will deliver six equipped play areas, a network of new footpaths and cycleways along with the planting of more than 250 specimen trees set in around 20 acres of green open space. Serviced land parcels are already under offer to two housebuilders.
Our in-house planning and technical teams continue to work hard to ensure stakeholders see these developments as a positive part of their community. We interact with local communities as soon as possible within the planning process, working closely with planning officials and councils, striving for excellence in communication to inform and consult with all parties at each stage of the process.
This was demonstrated with over 400 local residents turning out to view our proposals for 690 new homes, including 40% affordable housing in Kenilworth, with the majority of residents supportive and recognising the need for new homes in the area.
In addition to our site work, we have been key founder members of the Land Promoters and Developers Federation (LPDF) which launched spring 2018. We want to dispense with some of the myths and misconceptions around the role of land promoters and developers by highlighting the expertise and track record of our members as well as through research relating to the sector as a whole.
We are looking for new sites, so if you think your land may have development potential, get in touch; 01926 836910 / email@example.com
The Catesby Estates business model continues to work well with a record number of live planning applications or consents in respect of land which would deliver 3,145 dwellings across 17 sites at year end.
In addition, land for 600 dwellings has been allocated in recently adopted Local Plan’s and sites sufficient for 650 dwellings are draft allocations in emerging Local Plan’s.
The anticipated average price per square foot of dwellings for private sale by our customers is £328, reflecting Catesby Estates continued focus on areas of high demand for new homes.
Of the 3,145 dwellings identified, 735 lie within the Myton Green site in Leamington Spa, an area recently voted as the most desirable place to live in England.
The site has outline planning consent and Catesby Estates is investing in infrastructure to deliver serviced land parcels for sale to housebuilders.
A spring 2018 start is scheduled with land disposals during the 2017/2018 financial year.
Consent for 790 dwellings across 2 sites has been delayed by the decision of third parties to judicially review the planning consents received. Both now find themselves in the Court of Appeal
Find out more about our parent company Urban&Civic plc.
Catesby Estates will continue to evolve its site search and selection process to reflect the changing planning environment.
As a consequence of central government’s focus on neighbourhood planning and the emphasis on Local Plan’s, the opportunity to make applications based solely around the lack of 5 year land supply will reduce.
In accordance with Catesby Estates strategic objectives to increase land activities for sites between 500 and 2,000 dwellings, a site for circa 2,000 dwellings in an area of identified high housing need has been secured with a view to bringing the site forward through the Local Plan process.
The rebrand to Catesby Estates plc better reflects the business model and more clearly aligns us with Urban&Civic. It is expected this change will deliver benefits in 2018 and beyond.