Residential scheme plans unveiled
PLANS for a major residential scheme in Monmouthshire have been revealed.
It comes as phase one of the Rockfield Farm site Undy has been sold to Bellway Homes, which proposes a scheme for 144 family houses.
The 12.9-acre has been been sold by Monmouthshire Council.
Savills Cardiff office managed the sale process.
Its director Gareth Carter said: “The sale was conducted by tender earlier in the year and it resulted in offers from seven interested parties.
“Following a selection process, Bellway Homes emerged as the front runner. I believe the timing of the sale, following the decision to abolish the Severn Bridge Tolls, was an important factor in generating interest.
“The phase one land will be developed by Bellway Homes over the next few years and they will be responsible for servicing later phases.”
Phil Murphy, cabinet member for resources for Monmouthshire County Council, said: “The sale of Rockfield Farm’s phase one site has been a strategic objective for several years.
“We are very pleased with the result of the marketing and the capital receipt will be re-invested n the authority’s 21st Century Schools programme.
“We are also delighted that Bellway Homes will provide 25% affordable housing for rent during the lifespan of the project.
“The sale conditions will enable later phases of housing and employment to be delivered and Bellway will also fund over £1.3m of improvements to local leisure and transport provision.”
Bellway plan to be on site in early 2019 with first occupations in late autumn.