The 6.75 hectare site at Spon Lane in Grendon has outline planning permission and is adjacent to a recently completed development of 85 homes.
Chris Miller, Director of Development for Midland Heart, said: “This is our biggest development to date in North Warwickshire and it will play an important part in helping us meet our ambitious target to deliver 650 homes a year. We are also looking forward to re-establishing our partnership with Galliford Try who are key to our delivery.”
Galliford Try Partnerships Midlands Regional Managing Director James Warrington said: “This is a large mixed tenure development opportunity for us in Grendon with great links to major nearby cities.
“It represents a significant contribution to the new-build local housing market in the area and we are delighted to be able to work with Midland Heart again.”
Midland Heart’s 60 properties will all be much-needed two, three and four bedroom houses at affordable rent or for shared ownership, enabling local people to get on to the property ladder at a cost within their budget.
The total cost of the Midland Heart scheme will be almost £10.6m, including a grant from Homes England of £468,000.
Grendon is ideally located close to major roads and transport networks serving nearby local towns including Tamworth, Atherstone and Nuneaton. It is also within commuting distance to some of the region’s major cities such as Leicester, Coventry and Birmingham.
As well as providing much needed homes for local people, green public open space is proposed, along with children’s play facilities and links across the site to the newly-completed development and to an existing public right of way.
The developer will be building an additional 60 homes for open market sale through its housing arm Linden Homes.