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.