Richborough Estates completes Leicestershire land sale to Bellway Homes

Strategic land company, Richborough Estates, in partnership with Wells McFarlane, has completed the sale of any six acre site while in the village of Frisby for the Wreake, near Melton Mowbray in rural Leicestershire to housebuilder, Bellway Homes.

Richborough Estates had previously acquired the 6.7 acre (2.7 hectare) plot, which sits for the eastern edge of the village, from a private landowner via Trevor Wells of Wells McFarlane in Lutterworth.

Richborough Estates secured outline planning permission for residential development on the site.

Bellway Homes will now give you the scheme, which has been masterplanned for a mix of 2, 3, 4 and 5 bedroom homes to reflect the present character on the village.

The plans are for the low-density development including sectors of landscaping and open green space, and forty per cent of the homes will likely be affordable.

The development can fulfil Melton Borough Council’s necessity for new homes in Frisby within the Wreake all of which will bring about the requirement for 6,125 new homes required in the wider Borough by 2036.

As a strategic land company, Richborough Estates acquires parcels of land, takes them over the planning way to secure outline consent after which it sells them on the open market to housebuilders.

Steve Louth, Regional Director, Richborough Estates, said: “A large amount of our schemes will be in locations along these lines, in which there is virtually no development for several years. Although the scheme is actually comparatively modest in scale, its absolutely vital we always deliver housing in rural locations in this way to retain and enhance local schools, facilities and trains and buses services.

“Melton Borough Council carries a significant dependence on new homes by 2036, as outlined within the emerging local plan and that development will go a way towards helping them do it objective.”

A national company, Bellway Homes has grown from the small family-owned business to that is successful housebuilders in great britain.

Tim Pyne, Land Manager for Bellway Homes, said: “We’re happy to been employed alongside Richborough Estates in order to have obtained this fantastic chunk of property in Frisby on the Wreake.”

“There is an identified necessity for new homes to generally be inbuilt the borough, so we’re willing to contribute towards fulfilling that are wanting. The homes we arrange to build will give you a genuine mixture off styles, geared to associated with buyers.

“We look forward to now working alongside the council to produce a development that is highly helpful for the regional community.”

The village of Frisby around the Wreake is 3.5 miles from Melton Mowbray and 13 miles from Leicester.

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