A 400-acre rural estate in Swindon with outline planning permission for a new village of 2,500 dwellings, is being brought to market.
Lotmead Farm lies within the designated New Eastern Villages (NEV) area and is being offered for sale by Ainscough Strategic Land on behalf of the landowner, the Parry Family Trust, with Avison Young appointed to lead the search for potential developers.
Located to the east of Swindon, offers are invited for the whole site for 2,500 dwellings, and also the first phase of development, which includes 289 homes.
Lotmead Farm was established in the 1950s as a traditional dairy farm but has since diversified with a pick-your-own facility and a business village providing small office/studio units in a courtyard development. The popular pick-your-own will continue to operate and evolve around the new proposals helping frame the new village centre.
Gordon Isgrove, Principal at real estate adviser Avison Young, said: “With a strong identity and brand, Lotmead Farm offers the opportunity to deliver a new, high quality, stand-alone village, in keeping with the setting of the surrounding countryside.
“We are anticipating strong interest in this development opportunity for the whole scheme of 2,500 dwellings and the first parcel of 36 acres comprising 289 dwellings and the first new primary school. There is very good appetite for new housing in Swindon, and with plenty of new entrants to the housing market and funds looking to invest in the housing market, we expect competition to be strong.”
The deadline for offers from interested parties is 4pm Friday 9 July.