Undy housing site next to M4 goes on the market
A residential development site next to the M4 has been put up for sale.
This comes after Monmouthshire council, which owns the land, previously admitted it was not hitting home-building targets set in its Local Development Plan (LDP).
About 270 properties are set to be built on Rockfield Farm in Undy and the first 144-unit phase is the start of the project.
Rockfield Grove is one of seven sites in the county set for houses by 2021.
The greenfield site will be a mixture of residential and "employment-generating uses" but development is limited as the proposed M4 relief road is planned to the north of it.
- Severn Bridge tolls cut for first time
- Toll reduction 'challenges' for Monmouthshire
- Lack of home building land a 'concern'
The tender deadline for the 13 acre (five hectare) first phase is next year, according to estate agents Savills.
Monmouthshire is the most expensive county to buy a house in Wales with a £280,000 average price.
A report to Monmouthshire council in September said more development locations were needed due to the "slower progression of housing sites".
Planned housing developments
- Deri Farm, Abergavenny (250 properties)
- Crick Road, Portskewett (285 properties)
- The Shipyard, Chepstow (350 properties)
- Wonastow Road, Monmouth (450 properties)
- Rockfield Farm, Undy (270 properties)
- Vinegar Hill, Undy (225 properties)
- Paper Mill, Sudbrook (190 properties)
Estate agents said the promised Severn tolls abolition had increased housing demand in south Monmouthshire.
The council set a target of building 488 homes a year when it adopted its LDP in February 2014 but only 667 have been completed since.
Neighbouring Newport has completed more than 900 houses a year in the past two years.
The 4,000 new-home development at Glan Lyn, on the old Llanwern steelworks site, is just five miles from Rockfield Farm.