Land in Chipping Norton which has consent for 90 new homes to be built has been bought by a national housebuilder.

The site is south of Banbury Road and had been granted outline planning consent in December by West Oxfordshire District Council’s Uplands Planning Committee.

The proposed developments, 40 per cent of which are affordable homes, will also boast community parkland and woodland.

Oxford Mail: Banbury Road in Chipping NortonBanbury Road in Chipping Norton (Image: Google)

Rainier Developments Ltd initially obtained the site in 2018 and submitted a planning application for the project in March last year, and have now sold the land to Cala Homes.

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Cala Homes will proceed with the creation of the new homes and infrastructure.

Construction is set to begin in early 2025, with the first homes expected to be available for sale towards the end of the same year.

Richard Foxon, managing director of Newton LDP, said: "Bidding for this site was fiercely competitive with almost 20 bids received, seven of which were shortlisted.

"Despite the current economic climate, it demonstrates the high-quality nature of the scheme and the strong demand in this location.

"The Rainier team have done a remarkable job bringing forward the proposals.

"They have worked with local stakeholders, and secured approval for a scheme which delivers not only against market demand, but community need.

"Cala Homes is now the ideal partner to deliver the approved scheme.”

Grant Stevenson, planning director at Rainier Developments, added: "Cala Homes is a housebuilder with a strong pedigree, delivering quality new housing across the country.

"We’re delighted to be working with them as they provide new homes in this location."

Charles Rafferty, land director at Cala Homes, said: "Rainier Developments and Newton LDP have promoted a high-quality scheme which is responsive to local needs.

"Despite a subdued housing market nationally, we recognise there is still exceptional demand for quality housing in the right locations.

"Cala Cotswolds have a keen appetite to secure new land and this site reflects our ability to secure sites quickly and competitively in a challenging market.

“We’re delighted to have worked closely with Rainier Developments and Newton LDP on the successful acquisition of this site.

"Due to our working relationship, we were able to exchange contracts within four working weeks of contract negotiations commencing and complete two weeks thereafter.

"We look forward to working with the key local stakeholders in Chipping Norton and securing a reserved matters consent on this site."

Rainer Developments Ltd was advised by Richard Foxon and Piers Beeton, of Newton LDP.