Savills concludes land sale to Bellway at Faredalehill for the delivery of 291 new homes

Strategic landowner Lands Improvement, owned by Telereal Trillium, has concluded the sale of residential development land to Bellway Homes Scotland Limited, with Savills Development Team representing the vendor.Fardalehill lies on the western edge of Kilmarnock and the recent sale forms the final phases of a masterplanned site that was granted planning permission in principle in 2012 for the delivery of up to 550 homes, across five phases.Bellway has already delivered the initial three phases of development at the site which features 240 units, comprising a mix of three and four-bedroom homes and has successfully established Fardalehill as a new residential neighbourhood in the town.Detailed planning permission for a further 291 units on phases four and five was granted in February 2022 and Bellway will soon commence construction on the site.Kilmarnock has experienced increased demand for housing in recent years and there are currently a number of national housebuilders on site in the town, set to deliver approximately 900 new homes over the next decade.