The Stadium For Cornwall has been given the go ahead by the planners along with the accompanying residential development of 250 homes but now further planning is being sort for another 62 properties on the site, proving that Truro is growing fast and the demand is there to fuel it.
Planning permission has finally been issued for the retail-led development at West Langarth that will fund construction of the new stadium nearby and bolstered by the construction of new homes on the Eastern side of the site. The stadium will be the permanent home for the Cornish Pirates, plus a venue for other sports and larger events. As well as the stadium there will be a 200 seater conference centre and a large retail element called 'West Cornwall Shopping Park' although no named retailers have been confirmed as yet.
The West Langarth scheme includes a day nursery, petrol station, new homes, community sports pavilion, play areas and sports pitches. With residential development on the 'waitrose site' to the East of the city progressing well, this new site to the West means that yet again Truro is spreading further and further out.
The original planning application (that has been approved) includes the development of 250 homes alongside the retail park, however recently the developer has made a further application to increase the development by another 62 dwellings (see plan above). The original application showed larger houses with gardens to side and rear and most included garages all leading us to believe that it would be a spacious and well laid out development and a good fit for the family market around Truro.
The new application indicates smaller terraced houses with allocated parking and must make some provision for affordable housing and social housing I would presume. With the site making headlines locally and 250 houses already approved, my guess would be that this extra development will be swiftly approved.
Yet again Truro is seeing a demand for housing outstrip supply leading me to believe that property prices will continue to remain strong despite the Brexit vote, however I have not seen plans to improve or adapt the road network - with the possibility of another 300 cars on the A390 and it already being a traffic hotspot - I'm not sure how it will cope.
No prices or details released as yet, something to watch out for in 2017 I'm sure but for an investor, the site has to be worth considering due to its location alone. If you are considering buying a property to rent out, contact me today at the office for free, impartial advice.