Housebuilder The Hill Group has agreed to acquire two parcels of land at Parsonage Road in Takeley, Essex, with plans to deliver 108 homes.
The site of almost 16 acres was bought through land promoter Endurance Estates and agent Sworders and has a gross development value of £50 million.
A total 40 per cent of the development will be affordable, including affordable rent and shared ownership. The scheme will also offer two to five-bedroom houses for private sale.
However, a consented 66-room care home within the scheme will not go ahead. Instead, Hill will submit a reserved matters application for 88 homes and a full application for 20 homes later this month, with a start on site targeted for Summer 2026.
Sustainability features include energy-efficient fabric-first construction, air-source heat pumps, EV charging points, cycle storage and private or shared outdoor space.
Andy Hill, founder and group chief executive of The Hill Group, said: “Parsonage Road is a well-located site that will enable us to deliver high-quality new homes in an area where there is a strong housing need. By adapting existing consents to reflect local housing requirements, we can create a new residential community that truly enhances the local area.
“We look forward to engaging with residents and stakeholders as we develop our detailed proposals.”
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