Regeneration sparks house price rises and new housing development
House prices are on the rise as regeneration projects get underway across the Enterprise Coast. Property website, Zoopla, reported a 10.13% rise in house prices in Dover over the last 12 months, with Deal (9.93%) and Sandwich (5.73%) also seeing strong price rises.
Major regeneration projects, including the 120,000 sq. ft. St James development in Dover town centre, and the Dover Western Docks Revival scheme are sparking renewed interest in one of the most affordable parts of the South East of England. The success of the Discovery Park Enterprise Zone in Sandwich, high speed rail links with London, and unrivalled connections to mainland Europe, are also contributing to the growing popularity of coastal living on the Enterprise Coast.
Local and national developers are getting in on the act too with Dover District Council’s Local Plan envisioning 10,000 new homes by 2032. This month the Prime Minister announced plans for the Government to directly commission up to 500 new homes at the former Connaught Barracks site in Dover. Sitting in a commanding position close to Dover Castle, the first phase of the development of the former Officer's Mess site is anticipated to start this year.
The expansion of Aylesham Garden Village with 1,100 new homes is now well underway with Barratt Homes and Persimmon Homes, whilst a planning consent has been granted for Phase I of the Whitfield Urban Expansion which will eventually see over 5,000 new homes built. Taylor Wimpey is expected to start work on a development of 223 new homes in Walmer in Spring 2016.
Planning applications have also recently been submitted for Phase 2 at Whitfield, comprising over 1,000 dwellings alongside an application for a mixed-use development including a further 142 residential units at Albert Road, Deal.
For more information on new housing developments in Dover, Deal and Sandwich see our Coastal Living pages.
Posted on 18/01/2016