Haslams Chartered Surveyors has recently concluded a sale of the site at the former Addington School in Woodley to Croudace Homes Group on behalf of Wokingham Borough Council.
Croudace Homes is a well established family run south east regional residential developer with a high quality product range from affordable starter homes and apartments, through to town houses and traditional style family housing.
The multi-million pound deal provides Croudace with a 4.20 acre oven ready site in the sought after suburban residential location of Woodley. The site has outline planning permission for the erection of 51 dwellings including 38 private market units and 13 affordable units.
Steven Smith of Haslams commented “the site attracted a huge amount of interest with sixteen offers received from local developers and a number of national house builders. The sale bucked the trend in what is a difficult land market. We hope this sale denotes a recovery in the market.
This goes to show that there is still strong demand for good sites in prominent locations with planning permission for family housing in what still remains to be an otherwise challenging market.”
Matt Armstrong of Croudace said: “Croudace Homes were attracted to the site because, situated within a pleasant suburban setting in Woodley four miles west of Reading town centre, it is an excellent site for family housing. Rivermead Primary School immediately adjacent to the site will provide an appropriate backdrop for the completed development as well as being of practical benefit to family purchasers of the dwellings.
It is anticipated that a reserved matters application will be submitted in due course pursuant to the outline permission already achieved. We envisage a well designed scheme with a generous mix of family housing and starter homes for the local market, products we believe will be welcomed in the current market. We believe that demand for family housing will remain strong for the foreseeable future in established popular residential areas.”
Haslams Chartered Surveyors has substantial experience in the field of development land, acting for a large and varied range of land-owning clients such as Local Authorities, independent Schools, private and Charitable Trusts, as well as private house owners and developers. A comprehensive list of all of our current development land for sale can be found on our website at www.hs3.cloud-1.co.uk. Alternatively for further information please contact Haslams Chartered Surveyors on 0118 921 1500
BSc (Est Man) FRICS FCI Arb FCABE