Inland Homes wins planning permission for residential development

Inland Homes has been granted planning permission for 101 homes in Chelmsford, east England.

The development, located on the southern part of St. John's Hospital, will include 12 detached house backing on to Chelmsford Golf Course. It has an estimated gross development value (GDV) of £34m.

The company has also acquired a site for 40 units in Markyate, near St Albans, Hertfordshire. Development will start immediately and the project has estimated GDV of £10.m.

In Woolwich, London Borough of Greenwich, Inland has purchased a one acre site to develop 177 apartments, worth expected GDV of £32m.

Since the start of the year, the group has achieved £9.1m of sales, served, contracted or completed.

Inland is awaiting offers on 76 plots for sale on one of its sites.

It has four house building outlets and one under management for Drayton Garden Village.

Shares advanced 6.36% to 31.37p at 11:36 Wednesday.

RD