Market Leads & Opportunities
Land deal secured for Exeter homes
Housebuilder Tilia Homes Western has secured a land deal to bring more new homes to Exeter.The 9.2 acres site in Redhills, west of Exeter, will become the third development in the area for the housebuilder, complementing sites in Alphington and Kingsteignton.Outline planning permission has been granted for the land to provide 80 new homes. Of these 35 per cent will be designated as affordable.Later this year, Tilia Homes Western aims to submit its reserved matters application. It will deliver a range of one- to four-bedroom properties, available to purchase both privately or using shared ownership initiatives.The look of the properties and their energy efficiency features will be addressed in the application.It is hoped building work will begin on site towards the end of this year or early 2025. The first sales are expected to be in spring 2025.Tilia Homes will also make Section 106 contributions, which could see £500,000 of investment in areas such as local education, footpaths and traffic management.Simon Perks, regional managing director for Tilia Homes Western, said: “We recognise that Devon has specific housing needs and so we are delighted to have acquired this piece of land as it is in a prime location, where we have no doubt a thriving new community will be born.”We believe in building the right homes in the right place and this acquisition strengthens our position in Exeter, and gives prospective buyers further options as we aim to provide homes that will complement those we are already building at our new Alphington site.”
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