The Plymouth office of Stratton Creber Commercial has completed the sale of land to Barratt Homes on behalf of private clients. Barratt obtained planning permission on the 0.7 acre site in Market Road, Plympton for the demolition of old former warehouse buildings and the construction of 14 new houses next to St Mary’s Church.
The acquisition, off a £500,000 asking price, follows hot on the heels of Barratt’s long awaited redevelopment of the former cattle market in this popular location adjoining St Mary’s public park and playing fields.
Contractors will be moving on site this summer and Barratt Homes anticipate having the first phase ready for occupation at the beginning of 2012.
This sale represents further signs of the slow but steady recovery in the new homes market and Robin Falle, head of Stratton Creber’s Land & Planning Department reports that the pipeline of agreed land transactions has now reached record levels as the volume house building sector makes it’s mark on the South West economy.