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New Surrey residential development announced

A new £50 million residential development has been unveiled by Willmott Dixon for Godalming in Surrey.

The deal will see construction of up to 137 new properties, with planning permission having been received for 35 new family homes and 102 apartments just outside Godalming town centre.

Andrew Telfer, chief executive officer at Willmott Dixon Regen, said: "This is a real statement of intent that Willmott Dixon intends to develop homes on a significant scale.

"Using know-how within our Regen team and our in-house construction skills, we are carefully identifying projects to develop that offer a fantastic buying opportunity in popular locations and excellent opportunities for investment return. Investing in Godalming provides just such an opportunity."

Willmott Dixon hopes to have the new properties fully completed and on the market by early 2015, with this latest development forming part of the company's specification for the delivery of a further 1,500 UK homes each year to help tackle the nation's ongoing housing crisis.

All development work on the new Godalming project will be carried out by Willmott's in-house construction business, with the project the single largest residential scheme to have taken place in the area of recent years.

Godalming is located just 47 minutes from central London via rail, making it an ideal commuter town for individuals living and working in and around the capital.

Elsewhere, the news follows the recent announcement from the Department for Communities and Local Government of a £32 million investment in the delivery of new homes in Sherford, near Plymouth over the next 15 years.

A total of 5,500 new residential properties will be created in the area, as well as four new schools, a town hall, sports centre and public park.

Housing minister Mark Prisk commented: "We have set aside considerable funding to assist large housing programmes like Sherford, and over the coming months we will continue looking at other schemes that would benefit from our support." 

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