Tilia Homes, which is part of the untypical group, has acquired more than 9.5 acres of development land on the northern edge of Banbury on which it intends to build a new housing scheme.
The development on the site off Dukes Meadow Drive will deliver 78 new homes with 30% designated for affordable housing. It is hoped work will start on site in winter 2025, subject to planning permission being secured.
Warwickshire-based property agency Newton LDP acted on behalf of the landowner to market and sell the site to Tilia Homes after it was successfully promoted by Northamptonshire-based Manor Oak Homes.
Amerjit Atwal, regional managing director for untypical’s central region, said: “I am delighted that we continue to enhance our land acquisition programme, securing the right development opportunities in the right strategic locations. We recognise that Banbury has specific housing needs, and we are keen to meet those needs, especially for first-time buyers. This new development will offer quality, sustainable new homes with energy efficiency and community living at its heart.”
Piers Beeton, director (development) at Newton LDP, added: “We are thrilled to have successfully facilitated a sale for the landowners and Manor Oak Homes to Tilia Homes in Banbury. This 9.5-acre site presents an excellent opportunity to address the pressing housing needs in Oxfordshire, particularly in line with Cherwell District Council’s housing strategy. The development’s mix of properties, including a substantial portion of affordable homes, will make this project a valuable addition to Banbury’s housing landscape.”
