Plans for 108 new homes in Great Dunmow are a step closer after land at Staggs Farm was sold to developers.
The North Home Counties branch of Cala Homes purchased the 12.6 acre site for an undisclosed sum.
The site and the adjacent land form part of a hybrid planning permission for 440 homes. Staggs Farm has full planning permission for 108 of these homes - 40 per cent of which will be affordable.
Homes will be a mix of houses, flats and bungalows.
Financial contributions of around £2 million will also be delivered for education, transport and community facilities in the area.
Alexandra Deol, area land director at Cala Homes (North Home Counties) said: "We are thrilled to acquire the site and look forward to delivering new homes in Great Dunmow, including 44 affordable dwellings.
"Financial contributions of around £2m will be delivered for local education, transport and community facilities.
"Additionally, all homes will be equipped with electric vehicle charging points, air source heat pumps and be built using timber frame construction, which has been shown to have up to 20 per cent less embodied carbon than a typical masonry build."
The land sale was completed by the development team at Savills in Cambridge on behalf of the Mackenzie Trust.
William Newton, associate director in the development team at Savills in Cambridge, said: "Demand for land is proving resilient – with optimum-sized sites in primary locations attracting greatest interest.
"A lack of supply has also meant that land values have remained relatively stable.
"Major housebuilders, partnership developers and privately funded developers all appear to be growing in confidence – with PLC housebuilders the most active.
READ MORE
- Have your say on crime and community safety in Uttlesford
- Stansted Airport welcomes nearly 1,500 jobseekers to autumn job fair
"Whilst some are cautious and looking to preserve margins, others are bidding competitively on a range of site sizes, from 50 units to fill gaps in their pipelines, to larger sites to grow their number of outlets.
"The land at Staggs Farm was no exception and we received strong interest.
"It offers an exciting opportunity to deliver sustainable growth in a well-connected location – significantly contributing to the supply of much-needed new homes in the local area."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here