Developer search begins for 2,500 home village at Lotmead Farm, Swindon
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June 17, 2021
A 400-acre rural estate in Swindon with outline planning permission for a new village of 2,500 dwellings, is being brought to market.
Lotmead Farm lies within the designated New Eastern Villages (NEV) area and is being offered for sale by Ainscough Strategic Land on behalf of the landowner, the Parry Family Trust, with Avison Young appointed to lead the search for potential developers.
Situated to the eastern edge of Swindon, with views to the North Wessex Downs Area of Outstanding Natural Beauty and set amongst beautiful countryside on the gateway to Oxfordshire and the Cotswolds, offers are invited for the whole site for 2,500 dwellings, and also the first phase of development, which includes 289 dwellings.
Capturing the essence of village life in a beautiful countryside setting, Lotmead Village will be a high quality development. Lotmead Farm was established in the 1950s as a traditional dairy farm but has since diversified with a pick-your-own facility and a business village providing small office/studio units in a courtyard development. The popular pick-your-own will continue to operate and evolve around the new proposals helping frame the new village centre.
Gordon Isgrove, Principal at real estate adviser Avison Young, comments: “With a strong identity and brand, Lotmead Farm offers the opportunity to deliver a new, high quality, stand-alone village, in keeping with the setting of the surrounding countryside.
“We are anticipating strong interest in this development opportunity for the whole scheme of 2,500 dwellings and the first parcel of 36 acres comprising 289 dwellings and the first new primary school. There is very good appetite for new housing in Swindon, and with plenty of new entrants to the housing market and funds looking to invest in the housing market, we expect competition to be strong.”
Whilst in a rural location, located off Wanborough Road close to the A419, the new village will have strong connectivity. Phase 1 of Lotmead Village will join the new Southern Connector Road (currently under construction) from the east, with J15 of the M4 just 4.5 miles away. Direct trains to London from Swindon Station, just 4 miles away, have a journey time of just under an hour.
