LAND NORTH OF 112 PARK LANE, CASTLE DONINGTON Build-out rate Availability Suitability Achievability Viability Other Site has planning Site has planning A November 2012 site Site is under 3 dwellings were permission and is permission and is visit observed that 65 of construction and is completed on this site therefore considered therefore considered the scheme’s 275 therefore considered prior to March 2012. available suitable dwellings were already viable complete. The Completions are developers have advised predicted to fall off at the the Council that build end of the 5 year period rates similar to those as a strategic scheme above would be (“South of Park Lane, appropriate. Given that Castle Donington”) is 25% of the scheme was expected to come on complete c.18 months stream at around this after its start, it is point – the housebuilders reasonable to assume it have also advised the will be complete during Council of the the five year period and prospective likely at a relatively stable out rates for this second, annual completion rate. larger scheme
LAND NORTH OF 112 PARK LANE, CASTLE DONINGTON Build-out rate Availability Suitability Achievability Viability Other Site has planning permission and is therefore considered available Site has planning permission and is therefore considered suitable A November 2012 site visit observed that 65 of the scheme’s 275 dwellings were already complete. The developers have advised the Council that build rates similar to those above would be appropriate. Given that 25% of the scheme was complete c.18 months after its start, it is reasonable to assume it will be complete during the five year period and at a relatively stable annual completion rate. Site is under construction and is therefore considered viable 3 dwellings were completed on this site prior to March 2012. Completions are predicted to fall off at the end of the 5 year period as a strategic scheme (“South of Park Lane, Castle Donington”) is expected to come on stream at around this point – the housebuilders have also advised the Council of the prospective likely rates for this second, larger scheme out
Five%20Year%20Land%20Supply%20-%20Site%20Commentary.docx