26th June 2018
Lovell Homes acquires panoramic greenfield site in Weston-super-Mare
National homebuilder Lovell Homes, represented by Alder King, has acquired the freehold of a 7.95 acre (3.22 ha) greenfield site on the edge of Weston-super-Mare for residential development.
Located off Wentwood Drive on Bleadon Hill, the site was acquired off market from a private property company Coldharbour Land Ltd off a guide price of £2.5 million.
Coldharbour Land was granted planning permission at appeal by North Somerset Council in December 2016 for up to 50 dwellings on the site, including 15 affordable homes available for rent or shared ownership. Alder King Planning Consultants assisted in the appeal process, acting as expert witness on five year housing land supply on behalf of Coldharbour Land.
Chris Haworth, partner at Alder King, said: “Lovell Homes has a strategic target of delivering over 5,000 open market homes across the UK in the next five years and is expanding into regions where it is not as well-known as other housebuilders. This acquisition marks a welcome return by Lovell to housebuilding in the West of England after a gap of several years.
“This site is located adjacent to an established housing estate on the side of Bleadon Hill with 270 degree panoramic views across to the Mendip Hills Area of Outstanding Natural Beauty and the Bristol Channel and is an excellent addition to its portfolio.”