A Hamilton-based property developer has revealed plans to build a new residential estate on the outskirts of Edinburgh which will see the introduction of 100 new family homes in an area with significant housing shortfall.
Banks Property has submitted a Proposal of Application Notice to Midlothian Council for a new development in the leafy village of Rosewell ahead of a planning application to be put forward in early 2016.
If successful, its proposed development will occupy the 12.6-acre ‘Doctor’s Field’ – equivalent to the size of six football pitches – north of Carnethie Street.
The developer plans to start building the series of sustainable three, four and five-bedroom and starter homes in late 2016, subject to planning permission.
Once the detailed plans are finalised, Banks Property says it will host an exhibition in the village to give existing residents first sight of the plans and the opportunity to give constructive feedback before plans are submitted.
Director Colin Anderson said: “This is a hugely positive development for the area.
“Demand for new homes within easy commuting of Edinburgh has outstripped supply, pushing up prices and making homeownership challenging for many.
“Developments such as this one at Rosewell are therefore essential to keep prices down and give hope to young families and people looking for a good quality, affordable home in an excellent location.
“Banks Property is committed to sustainable development and this means that as well as creating a wonderful environment for families to live and work in, we intend to maximise the use of local contractors and businesses, to ensure the biggest economic benefit is delivered locally.”