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Plans For £20m Residential Property Development in Leeds

November 11, 2013 | Company News   Landlord News  

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Development firm Banks Property has put forward plans to build a total of 181 new family homes on a 7.7-hectare farmland site in Methley – a village about 8 miles south-east of Leeds city centre – at a cost of £20m. They say the scheme would create 120 new jobs. Thought has been given to the existing community, with the development offer including a “community benefits package” worth more than £2m.

Residents attended a recent exhibition showcasing the plans. Improvements to local flood defences proved to be a popular potential use for the fund, but other suggestions included housing for the elderly, improving public transport and education. The company says that they would welcome any further ideas put forward by the local people.

Michael Shuttleworth, managing director of Banks Property, said, “There is an increasingly urgent need to increase the supply of new homes across the Leeds area.”

methley

The application for permission is expected to be considered by a city council plans panel early in the new year. Although not a huge development, it would slightly decrease the pressure on the private rented sector in central Leeds… for a little while anyway.

 

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