The Residential Development Land team of global property consultancy Knight Frank has completed the sale of an 8.3-acre residential development site at Coxbridge Farm, Farnham, Surrey, on behalf of Cala Homes.
The site, which has an estimated gross development value of £55 million, has been sold to BRiCS. The greenfield site is located on the western edge of the highly desirable market town of Farnham and benefits from detailed planning permission for 70 residential units, which Cala Homes achieved.
The site’s exceptional location will be highly attractive to future buyers, situated just off the A31/A325 roundabout with excellent transport links to London Waterloo (56 minutes by train), the M3 motorway network, and international airports including Heathrow (35 minutes) and Gatwick (1 hour).
The new buyer BRiCS has plans to deliver 70 private sale homes. Construction is scheduled to commence in early 2026, featuring a mix of two-, three-, and four-bedroom homes.
Andrew North, director of BRiCS commented: “We are delighted to have acquired this exceptional development site in Farnham. Its prime location, combined with the planning certainty provided by the detailed consent, created an ideal platform for us to deliver high-quality residential accommodation in one of Surrey’s most sought-after markets”.
Edward Vass, senior land manager at Cala, said: “We are pleased to have agreed the sale of part of the site at Coxbridge Farm to BRiCS. This carefully planned scheme will offer a balanced mix of new homes and bring broader benefits to the local community, including public open space, children’s play areas, and improved pedestrian and transport links. BRiCS’ commitment to delivering a high-quality product will complement our own, contributing to a cohesive and well-integrated development.”
According to Knight Frank, the majority of sales in the GU9 postcode over the last year were detached properties, selling for an average price of £903,014. The area benefits from affluent demographics, with the largest local group being ‘Prestige Position’ households earning an average of £117,805 annually.
Recent investment totalling £200 million in new retail, leisure and open spaces has further enhanced Farnham’s appeal as a residential location.
Tim Traynor, partner in regional development land at Knight Frank, said: “This transaction demonstrates the continued strong appetite for quality residential development sites in prime locations. There is continued institutional and developer confidence in the Home Counties residential market, particularly for sites with excellent transport links to London and other major regional centres.
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