Work is set to start on a scheme of 1,000 homes and a new primary school in Banbury.
L&Q Estates won outline planning permission from Cherwell District Council in December 2019 the scheme at Wykham Park Farm, off Bloxham Road to the south of the town.
The development also involves creating a local centre, a children’s play area, community facilities including sports pitches and a pavilion, and open spaces.
Warwick-based L&Q Estates, has agreed a deal with Persimmon Homes to build properties ranging from one-bedroom apartments to five-bedroom homes which will include 30 per cent affordable housing.
A link road through to the David Wilson Homes site to the east of the development, will connect Bloxham Road with Bodicote.
Ian Hardwick, managing director of L&Q Estates, said: “It is fantastic that we have reached the stage where infrastructure work is now underway at Wykham Park Farm.
“As master planners, we have vast experience in the UK of providing much-needed housing and these 1,000 homes will help to attract families to the area and we hope the playing fields, sports pitches and community hall will be used by all future residents young and old.
“We believe Persimmon are the perfect partners on this scheme to deliver a high-quality development that will create a place that we can all be proud of.”
Russell Griffin, managing director of Persimmon Homes South Midlands, said: “We are very pleased to have worked with L&Q Estates on this exciting opportunity in Banbury. This will allow us to maintain our sales presence in the town and continue delivering much needed quality homes in this area.
“Persimmon Homes are focused on delivering high quality homes and creating sustainable communities for future generations. This is an exciting opportunity for the company with huge potential.
“The scheme will provide a sustainable community with facilities for the wider area including a local centre, sports pitches and further land for the local school. We look forward to delivering the first homes in 2023.
“In total the scheme will deliver circa 1,000 homes of which 300 will be affordable homes.”
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