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Vistry Group, the FTSE 250 listed housebuilder, has exchanged on a £90m GDV site of 180-200 homes in Ottershaw, Surrey.
The 41-acre plot will utilise dual branding of Bovis and Linden Homes, comprising 56 private Linden units and 61 private Bovis units, with the remainder designated as affordable homes. Using two of Vistry’s brands will give the homebuyer a wider choice across the latest collection of home styles, tailored to first time buyers, young families and those wanting to upsize to a larger house. On offer will be a full suite of one and two bed apartments, as well as two to five bed houses.
Almost two thirds of the proposed development will be green space, open to residents and the wider Ottershaw community. This will involve high quality homes across 16.4 acres of the site, with more than 25 acres to include play areas, orchards and woodland walks.
Construction is expected to start in January 2023.
The site is situated on the western edge of Ottershaw, a picturesque village in the Surrey commuter-belt. The location offers excellent connections as well as convenient access to local amenities, including the high street’s numerous cafes and restaurants, as well as expansive Golf Courses and the historic Ottershaw Park. The proposed development is just ten minutes from the bustling market town of Woking, itself only thirty minutes by train to Central London.
Keith Carnegie, chief executive officer of Vistry Housebuilding, said:
“We are delighted to have exchanged on such a brilliant site in charming Surrey. The expanse of green space built into the proposed development, in addition to great local amenities and in such close proximity to Woking and Central London, make this a truly attractive place to live.
“Several of our sites have recently been awarded the National House Building Council’s Seal of Excellence award, recognising the exceptional quality and craftmanship of the houses we deliver. We are seeing strong demand for our new builds and this latest site of 200 properties, will provide more people the opportunity to purchase a high-quality home.”
Vistry Group, which also includes Vistry Partnerships, holds a five-star rating award from the Home Builders Federation, following the annual announcement of the industry’s customer satisfaction survey results.
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