24th April 2019
Cotswold Homes acquires Tytherington site for 28 unit residential development
Acting on behalf of private landowners, property consultants Alder King have finalised the sale of a four acre greenfield site in Tytherington, South Gloucestershire to local housebuilder Cotswold Homes.
Alder King negotiated an agreement between the landowners and Cotswold Homes, giving the housebuilder the option to acquire the land if it secured planning permission for residential development. Alder King Planning Consultants were then instructed jointly by Cotswold Homes and the landowners to apply for planning permission for 28 two, three and four bedroom homes (10 of which were affordable homes), with new access, landscaping and associated works.
Despite this being a complex greenfield site, located outside of Tytherington’s settlement boundary, our planning team successfully secured full planning permission by structuring its planning case on the absence of a five year housing land supply. South Gloucestershire Council granted permission in July 2018, at which point Cotswold Homes exercised its option to purchase the site.
Ben St Quintin, partner at Alder King who handled the sale of the site, said: “This is another excellent example of how a number of Alder King services, in this case planning and development, have combined to help a private landowner realise the value of their land where it has potential for residential development.
“We conducted a competitive tender process in order to select Cotswold Homes as the preferred development partner for our clients. One particular factor in deciding to grant the option agreement to Cotswold Homes was their reputation for high quality developments in sensitive locations. This was important to our clients who live locally and wanted the legacy of the development to be positive for the village. We are now exploring other potential future phases of development with our client.”
Liam Rinn of Cotswold Homes added: “We are a local family-run business that strives to address the housing shortage with the focus on delivering quality homes. We were delighted to work with the landowner, Alder King and local stakeholders in bringing forward a sensitively designed development featuring a high quality palette of materials. We have been delighted with the service from Alder King’s development and planning teams.”
Construction of the development, known as The Paddocks, is now underway. The scheme of detached houses and bungalows is close to the heart of the village with its community shop and post office, pub and parish church. The scheme is being marketed by Milburys Estate Agents in Thornbury.
Other landowners wishing to explore the value of their land and its potential for residential development are invited to contact Alder King to arrange a site visit and valuation and discuss the opportunity for planning.
DAC Beachcroft acted for the vendor; Osborne Clark represented Cotswold Homes.