After Monmouthshire council admitted that it was failing to hit the home-building targets which were set in its Local Development Plan (LDP), a residential development site that they own, which lies next to the M4 motorway, has been put up for sale.
Around 270 properties have been green lit to be built on Rockfield Farm in Undy, with the first 144-unit phase proving to be the start of the project.
There are seven sites in the county which are set firehouses by 2021, and Rockfield Grove is one of them.
While the greenfield site will eventually become a combination of both residential and ’employment-generating uses’, but the overall development is quite limited due to the fact the proposed M4 relief road has been planned to the north of the site.
According to Savills – an estate agent – the deadline for the 13 acre (five hectare) first phase is at some point next year.
Currently, Monmouthshire is the most expensive county in Wales to purchase a house, with a £280,000 average price.
Due to the slower progression of housing sites, in September, a report was filed to the Monmouthshire council claiming that more development locations were needed.
Estate agents believe that one of the reasons for this is that the promised Severn tolls abolition has significantly increased housing demand in the south of Monmouthshire.
Ever since the Local Development Plan was adopted back in February 2014, the council had aimed to build 488 new homes each year, however only 677 have been completed since they tried to pledge to it.
In comparison, Newport – a neighbouring area – have completed over 900 houses a year over the last two years.
The 4,000 new-home development at Glan Lyn, on the old Llanwern steelworks site, is just five miles from Rockfield Farm.