One of the UK’s leading strategic land developers is set to start work on creating a new sustainable urban extension at Banbury.
L&Q Estates received outline planning permission from Cherwell District Council in December 2019 for 1,000 homes and a three form-entry primary school at Wykham Park Farm off Bloxham Road to the south of Banbury.
The development also involves creating a Local Centre, a children’s play area, community facilities including sports pitches and a pavilion, and open spaces.
L&Q Estates, which is based in Warwick, has agreed a deal with Persimmon Homes to build up to 1,000 properties ranging from one-bedroom apartments to five-bedroom homes which will include 30 per cent affordable housing.
The new roundabout off Bloxham Road will be constructed by L&Q Estates and is expected to be completed this autumn.
The site will also provide key infrastructure including a link road through to the David Wilson Homes site to the east of the development, connecting Bloxham Road with Bodicote.
Ian Hardwick, Managing Director of L&Q Estates, said they had been involved in promoting and developing the site for over 10 years.
“It is fantastic that we have reached the stage where infrastructure work is now underway at Wykham Park Farm,” he said.
“As master planners, we have vast experience in the UK of providing much-needed housing and these 1,000 homes will help to attract families to the area and we hope the playing fields, sports pitches and community hall will be used by all future residents’ young and old.
“We believe Persimmon are the perfect partners on this scheme to deliver a high quality development that will create a place that we can all be proud of.”
Russell Griffin, Managing Director of Persimmon Homes South Midlands added: “We are very pleased to have worked with L&Q Estates on this exciting opportunity in Banbury. This will allow us to maintain our sales presence in the town and continue delivering much needed quality homes in this area.
“Persimmon Homes are focused on delivering high quality homes and creating sustainable communities for future generations. This is an exciting opportunity for the company with huge potential.
“The scheme will provide a sustainable community with facilities for the wider area including a local centre, sports pitches and further land for the local school. We look forward to delivering the first homes in 2023.
“In total the scheme will deliver circa 1,000 homes of which 300 will be affordable homes.”