This rectangular property had been mostly grassed land within the town of Skegby and was used for grazing horses. Outline planning permission was granted for a residential development in 2012. Actual planning was obtained on appeal in 2017, and the borrower has developed a total of 36 dwellings which includes four affordable houses. The open market dwellings are a mixture of three bedroom semi-detached, three bedroom detached and four bedroom detached houses.
The development is typical of the residential schemes that we support in the west, north and north-west of England. Local amenities are close to the development, which include a supermarket and shops (almost on the doorstep) and each home has outdoor space. Commuting times to larger towns and cities are reasonable and the homes (being less than £200 per square foot) are well within the government's Help to Buy limits.