Thursday, December 5, 2024

Residential land sold in Leicestershire

Catesby Estates has sold a residential site in Countesthorpe, Leicestershire, to Miller Homes.

The 18.5 acre site is located adjacent to Foston Road and Leicester Road and has outline planning for 170 energy efficient homes; of which 25% are affordable, and public open space with play areas.

An outline planning application was registered with Blaby District Council in January 2024, and went before planning committee in July 2024, receiving a majority in favour resolution to grant.

Following this, the sale completed in October 2024, resulting in a 10 month turnaround from the submission of the application to a land sale.

Myron Osborne, Chief Executive of Catesby Estates, said: “Achieving a local level consent for this non-allocated site and securing a buyer within a short time frame of just 10 months is testament to the hard work and skill of the in-house Catesby team, as well as the appetite from housebuilders to acquire prime residential land.

“This deal represents our second sale to Miller Homes in recent months, and with a reputation for delivering high quality, award-winning new homes, we look forward to seeing them take this through its final planning stages and delivering sought-after, energy efficient homes for the area.”

Aaron Grainger, Head of Land at Miller Homes, said: “We are delighted to have acquired this site. We were committed to completing this deal quickly and worked closely with Catesby Estates to achieve this. We are looking forward to when our reserved matters consent is secured, and we can start work on delivering quality new housing for the area.”

Natalie Edwards at Eversheds and Victoria Potterill-Tilney at Gowling WLG worked on the legals, and Trevor Wells of Wells McFarlane acted for the landowner.

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