National housebuilder Bovis Homes has entered into a joint venture with housing provider LiveWest to build 398 new homes in Tavistock.
The partnership between LiveWest and Bovis Homes combines the south west region’s largest housing provider with one of the UK’s leading home builders.
Construction work at the development, located off Callington Road, is anticipated to start in early 2019, with the first homes set to be completed by the end of next year.
Bovis Homes gained outline planning approval for the site in 2015. The initial phase comprises 398 homes to be built over the next seven to eight years and there is the possibility of the development being extended to build 750 new houses.
Some 330 of the initial phase of new homes will be sold on the open market, while 68 will be affordable homes.
As part of the project, the joint venture will be making financial contributions towards a new school in the area as well as play provisions and local bus services.
Russell Baldwinson, LiveWest’s Executive Director of Development, said: “LiveWest are delighted to have entered into their first 50:50 joint venture project with Bovis Homes to deliver 398 new homes.
“LiveWest are continually looking at ways of providing new affordable accommodation for our customers throughout the south west, particularly in areas of high affordable need.
“We look forward to working closely with Bovis Homes to ensure the scheme and our new working relationship is a success to enable further collaboration in the future for the benefit of both organisations and our customers.”
John Lougher, Bovis Homes’ Strategic Land Managing Director, said: “After progressing this site through the planning process, we’re very pleased to be taking it on to the next stage in its evolution in joint venture with LiveWest.
“We are committed to delivering a high-quality development of much-needed new homes, and looking forward to getting started on site next year.”
The development will offer customers a range of modern, comfortable and affordable homes, conveniently located on the edge of Tavistock and within easy reach of Plymouth and Dartmoor National Park.