Market Leads & Opportunities

Kingswood acquires land for 435 homes

Source: https://www.insidermedia.com/news/

Kingswood Homes will invest more than £4m in the Blackburn community after acquiring the final 64-acre plot of a wider masterplan.The land, located west of Moorland Drive, covers phases four to 11 of Kingswood’s Green Hills development in Feniscowles and is the continuation of the scheme HemingwayDesign originally designed.It forms part of the Gib Lane Masterplan.A hybrid planning application was granted in May for 435 homes, including existing contemporary style properties, along with a range of more traditional looking designs.SME developer Kingswood is providing land valued at more than £3m for a new primary school and has pledged £850,000 towards new primary school places. The company will also make a £150,000 contribution towards provision of off-site affordable housing.Rule Five Land were the promotors for the site and have worked closely with Kingswood Homes throughout the purchase of all earlier phases of the Green Hills development.The recently acquired land will deliver a range of properties including two-bedroom bungalows, plus semi-detached and detached homes with three to six bedrooms. Work on the development is due to begin this autumn and is expected to take more than seven years to complete.