Woking Borough Council
Civic OfficesGloucester SquareWokingSurreyGU21 6YL
Telephone: 01483 755855
08 May 2014
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Woking Borough Council has today (8 May 2014) announced details of the agreement between national housebuilder, CALA Homes, and the Council, that will see the creation of a thriving new community on the western edge of the Borough.
The development at Brookwood Farm, off the Bagshot Road, Knaphill, will feature a mix of 297 new two and three bedroom apartments and two, three, four and five bedroom houses, including a stylish mix of semi-detached and townhouse properties. A total of 25 per cent will be affordable homes for social rent and shared ownership. The comprehensive scheme includes sports pitches, car parking, an extensive play area, country park and it will also contribute towards the development of a new primary school.
CALA Homes paid a total of £17 million to Woking Borough Council for the land and grant of rights on the 16-acre site.
The Council also negotiated a `bonus' payment if the market value of the properties constructed rises above expected valuations.
Furthermore, the Council will receive £8,596,000 secured through a Section 106 Planning Agreement and approximately £2.8 million in New Homes Bonus payments from Central Government, bringing the total public benefit resulting in the sale of the land to at least £28 million.
Mark Rolt, Woking Borough Council's Strategic Director, said: "We are delighted that the sale of the Brookwood Farm housing development site to CALA Homes has been completed and works have already begun. The development will make a significant contribution towards meeting the Borough's housing need, while providing much improved recreation facilities to the local community. The sale of the land to CALA Homes represents a good deal for Borough taxpayers, with the proceeds going towards the cost of the successful Hoe Valley Scheme, which has significantly reduced the risk of flooding to homes and businesses in the Kingfield area."
Nick Twine, Managing Director for CALA Homes South, said: "Brookwood Farm will provide much-needed homes for the area and is an exciting project for Woking. We have worked very closely with Woking Borough Council and the local community to create an aspirational range of high quality new homes for every type of buyer. We're expecting a great deal of interest when the first properties are released for sale in the summer, both from local people and those moving into the area."
For further information or to register your interest in homes at Brookwood Farm, please visit www.cala.co.uk or call 01784 862501.