A housebuilder has secured an 18 acre site in Somerset with plans to invest over £1m into the local community.
Redrow South West will build a selection of one, two, three and four-bedroom private and affordable homes in Puriton. The housebuilder has submitted a planning application for 120 new homes after acquiring the land in the Somerset village.
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As part of the development Redrow South West plans to invest over £1m into improving infrastructure and public transport links. The new development is proposed to feature, newly created green spaces and bus stop links. With planning permission in progress, construction at the development is anticipated to begin, with the first residents expected to move in Autumn 2024.
Sian Smith, sales director for Redrow South West, said: “We’re thrilled to announce that we have acquired land to bring much-needed, new homes to Puriton. Here at Redrow South West, we aspire to create sustainable, thriving communities at each of our developments by building high-quality homes and investing in the surrounding area – and this development will be no different.
“Although early days, we expect this development will be incredibly popular with first-time buyers, young professionals and families, and we encourage prospective buyers to register their interest now to be among the first to hear when plots at this fantastic new development become available.”
Last month (September 13) the housebuilder posted falling annual sales and profits and warned earnings could more than halve over the year ahead amid a “challenging and uncertain” property market.
The Flintshire-headquartered group posted a 4% drop in underlying pre-tax profits to £395 million for the year to July 2 as revenues dipped to £2.13 billion from £2.14 billion on a 5% drop in home completions.