Land parcel snapped up in £2m deal
A Dudley land parcel has been sold to Village Partnerships for more than £2m, with approval granted for 80 new homes at the site.
Harris Lamb’s residential land team sold the 4.8-acre site on Bull Street to the organisation, which now plans to build a development of apartments and houses for Platform Housing Group.
The sale of the former MEB site is set to complete in the next few weeks, with Village Partnerships having successfully secured Reserved Matters Planning Approval for the proposed properties.
James Willcock, who oversaw the sale, said: “This is another good example of a derelict industrial site within the Black Country that will now be overhauled and given a new lease of life to provide a new community.
“Increasingly, such sites are making way to quality homes to meet the demand for properties within the Midlands, and we are delighted that Village Partnerships has taken on this site to fulfil that need.
“The organisation takes great pride in creating communities in partnership with social housing providers across the Midlands, and we look forward to seeing construction get underway at Bull Street.”
The site will soon be cleared to make way for construction on behalf of Platform Housing Group (PHG), one of the largest housing associations in the Midlands, combining both Waterloo Housing and Fortis Living.
The development is expected to comprise 26 one-bed and two-bed apartments and 54 two- and three-bed houses.