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Yateley, Hampshire, UK   Draft Allocation Secured

Yateley Quick Facts

Quick Facts

Yateley Phase Breakdown

PHASE BREAKDOWN

Yateley Aerial View

AERIAL VIEW

Yateley Location

LOCATION

Site Information

Our latest strategic land investment site is located adjacent to the urban boundary of Yateley, Hampshire, close to the Surrey border. On successful allocation of the site we anticipate annualised returns in excess of 27% over a 4 - 6 year period.

The site consists of agricultural land which is adjacent to existing residential development in Yateley. The site is strategically placed on the western edge of the town with direct access from the town's main distributor road. It is in a sustainable location, being well located to the town's main supermarkets, health care facilities, schools and employment areas, therefore making it a sustainable location for an urban extension.

Our Planning Department Comments

Latest Planning Update

As explained in the July planning update, we are exploring the potential for an Outline Planning Application to be submitted for our Yateley site to mitigate against any potential delay in the Draft Plan examination by Hart LPA. The cause of the potential delay would stem mainly from the requirement for SANG sites to form part of the Draft Plan and the LPA's position that they have a reduced housing need that would affect potential development sites.

Our exploratory work has clearly identified that the site has the ability to provide 80 dwellings as originally identified by the LPA. Alongside this there is capacity and need for Care Home provision within the site. Furthermore, we have sourced a suitable SANG site from the adjacent LPA that will satisfy this requirement.

We are now commencing with a cost analysis for the application and will be preparing the supporting documentation to form part of the initial application.

We expect to have further feedback in this regard by April 2020.