The signals are green for work to begin on a new apartments development in Bishop’s Stortford, after a deal to buy the land was finalised.
Bellway’s Goods Yard development, off Station Road, will comprise one, two and three-bedroom apartments with balconies and terraces to all plots. Construction has now started on site following the housebuilder’s purchase of the land.
The 149-apartments are set across five principle blocks, which surround landscaped podium gardens, and will form the first residential phase of the regeneration of the former railway goods yard site. The wider neighbourhood is set to deliver more than 500 new homes, alongside retail and office floor space and parking for both cars and bicycles.
Greg Allsop, Sales and Marketing Director for Bellway North London, said: “Goods Yard is on its way to being a very exciting development for Bishop’s Stortford.
“Being so close to the train station, this development is perfect for first-time buyers, young professionals and commuters who work in London, as it’s only a 38-minute journey to London Liverpool Street on the train. The town centre is also just a short walk away.
“Savills recently predicted that Bishop’s Stortford is capable of seeing up to an 11 per cent growth in property prices by 2024, which should come as little surprise given the re-development happening in the area, of which Goods Yard is playing a significant part.”
Bellway is building in Bishop’s Stortford at a time when the area has been named as the top place to live in the UK, according to the Halifax Quality of Life survey. The survey judges 26 different lifestyle factors and resulted in East Hertfordshire being voted the top location due to its strong exam results, high life expectancy and high average earnings.
Greg Allsop, said: “Halifax’s latest data from its Quality of Life survey has placed East Hertfordshire as the number one place to live in the UK, statistically speaking. Office for National Statistics figures show that 97 per cent of East Hertfordshire residents enjoy good health, so we’re looking forward to welcoming new residents to the area from 2021.
“With work now starting on the development, we are planning a pre-sales launch early in the summer and will be opening an on-site sales office with show apartments later in the year. In the meantime, prospective customers can register their interest online now and receive updates on the development as they become available.”
The Goods Yard pre-sales launch is due to take place in early summer 2020, with the sales office planned to open in September.
To sign up for updates on Goods Yard, visit bellway.co.uk.