Plans submitted for ‘Garden Village’ with 980 homes on the outskirts of York
Redrow Homes Yorkshire has submitted plans to build 980 homes near to the Monks Cross development, around 5km north of York city centre, as part of their plans to build a ‘Garden Village’.
The house-builder has submitted an application to York City Council to build on two parcels of land on either side of the Monks Cross Link road. Around 290 homes on the site would be affordable.
The west parcel is proposed for the development, which includes a school, a convenience store and community hub, whilst the east parcel is proposed for the creation of a country park and drainage infrastructure.
The overall site extends to around 59 hectares of agricultural land. Redrow’s application states: “The site will create a balanced community, with a mix of property sizes and types (both market and affordable) distributed across the site to provide local housing choice.
“The new village will accommodate around 980 dwellings ‘Garden Village’ principles will be adopted for the development with homes in a landscaped setting where everyone can benefit from gardens, greenspace, green streets and generous useable open spaces that will be integrated with the existing village ensuring that the countryside permeates into the development.
“The extended village will have new community facilities to meet the needs of the future and existing residents, including a small local shop, Primary School and public open space and playing fields. The development will draw from the heritage of the surrounding area using a ‘garden village’ tradition with its new high quality and well-designed buildings reflecting local styles and maintaining and enhancing the character of the locality.”
It is anticipated that the construction period for the development may be between five and 15 years. Redrow said: “The exact period within this range will depend upon the rate of dwelling completions and sales which is influenced by the strength of the market demand, the wider economic climate, the availability of construction resources (labour and materials) and the period to achieve detailed planning and other approvals.
“A construction period of ten years, representing the completion of c.100 dwellings per annum, is considered to be most realistic.”
This morning, Redrow’s half-year results were published, showing the firm has enjoyed a stellar six months with property completions up 14% to 2,811.
In the half-year to December 31, pre-tax profits rose year-on-year 26% to £176m and revenue also climbed from £739m in the corresponding period in 2016 to £890m.
Meanwhile, net debt fell to £35m from £73m at June 2017. Earnings per share were up to 27% 39.5p.
Chairman Steve Morgan said: “Reservations in the first five weeks of the second half have been in line with the strong comparable period last year.
“We entered the second half with a record order book, and customer traffic and sales remain robust.
“Given the strength of both our order book and land holdings, together with the robust sales market, our growth strategy remains on track. This gives me every confidence it will be another year of significant progress for Redrow.”