Vistry Group, the FTSE 250 listed housebuilder, has been given planning consent for a £78m development of 350 homes in Beaconside, Stafford.
The 95-acre site has been acquired in partnership with Barratt Homes on a 50:50 basis and has a combined GDV of £156m. Vistry’s share will include 350 homes, across an extensive product range comprising one-bed flats and bungalows, two-bed bungalows and houses, and three, four and five-bed homes. 30% of the homes built will be affordable housing, with the remainder for private sale.
As part of the scheme, the housebuilders will provide for upgraded highways infrastructure to support the delivery of a Local Centre and Care Home, while a further 1.05 hectares of serviced land will be made available for a primary school and allotments. The builders will make a combined £10m contribution to the community, going towards local primary and secondary schools, a Special Area of Conservation, and sports and leisure facilities.
The new development is situated in the Beaconside area of Stafford, offering excellent connections as well as convenient access to local amenities. Stafford’s flourishing town centre offers a range of independent local shops, several supermarkets and the famous indoor Farmer’s Market. The National Trust’s picturesque Shugborough Estate lies just 15 minutes to the East.
Infrastructure work commenced this month and first occupation is expected in 2021.
Keith Carnegie, chief executive officer of Vistry Housebuilding, said: “Vistry is delighted to have been granted planning permission for this landmark development in Stafford. It is an area we know well and signals our commitment to the region. Buyers will benefit from the wide range of house types available and, with Stafford centre within easy reach, the extensive amenities the local area has to offer.
“Last month, we were proud to have been re-awarded a five-star rating from the Home Builders Federation, following the annual announcement of the industry’s customer satisfaction survey results. This means that nine out of 10 of our customers were happy with the service provided and we remain absolutely committed to providing the highest standard of service to our customers, ensuring that they are happy in their homes.
“As a Group we are seeing strong demand in 2021 and believe that our commitment to customer satisfaction is a driving force behind this.”