Inland Homes makes outline planning application on Wilton Park
Brownfield-focussed housebuilder Inland Homes announced on Tuesday that it has made an outline planning application on its 100-acre flagship development site ‘Wilton Park’ in Beaconsfield, Buckinghamshire.
The AIM-traded company said the outline application was for the delivery of up to 350 homes, as well as commercial and community development, within a parkland setting.
It said Wilton Park benefitted from close proximity to junction 2 of the M40, and to Beaconsfield and Seer Green Stations, providing access to London Marylebone within 23 minutes.
The outline consent would also enable the completion of the Beaconsfield relief road, which would divert traffic away from old Beaconsfield between the M40 and Amersham.
In the period leading up to the application, Inland said it constructed the first phase of the relief road together with “significant” landscaping and tree planting, and had sought to maximise the short-term income from the asset via residential and commercial lettings.
Annualised gross income from the site currently stood at £1.5m, the Inland board said..
“The submission of this planning application is a major milestone in the development of one of the UK's most unique and special sites which has been described by Savills as ‘one of the finest development opportunities in southern England’,” said group land director Paul Brett.
“The land already has an allocation for development in the South Bucks local plan and this planning application is the culmination of a number of years of hard work by the Inland team to carefully balance the aspirations of the planning authority and the local community, against the need to maximise the commercial value of this prime asset which has an estimated GDV of approximately £350m.
“Inland is now well on the way to creating significant value here for our shareholders.”