A planning application has been submitted to construct 191 flats in Walnut Tree Close, Guildford .
Peveril Securities and Sladen Estates set the plans forward to taxpayers in October prior to submitting the final planning application to Guildford Borough Council on December 1.
The development will include up to 191 houses of two or one bedroom flats, specifically.
The plans include a concierge and residents’ gym, lounge and theatre along with 102 car parking areas.
Headlines from Guildford
The planning announcement says: “These proposals are for flats to rent (construct for lease) and those are seen as filling an affordable gap in the marketplace for such lodging in Guildford at a similar approach to what is currently happening in some of the bigger cities across the UK in which affordability, ie. Purchase of flats is currently becoming hard given the cost/value of properties and the relationship between earnings.
“The problem is currently in presence in Guildford.
“The tips create a brownfield site component of that has an implemented approval for office buys and component being an existent Nissan car dealership that can move to Slyfield on the border of Guildford.
“The office portion of this scheme has been marketed comprehensively without attention from tenants/developers. The priority for growth in Guildford in any circumstance is for new home rather than for new offices.”
Sladen Estates development manager Nigel Jones previously told Buy Surrey: “We’re delighted to be bringing proposals for affordable, professionally and professionally handled rental flats in Guildford.
“Our proposals respond to demand for top quality, affordable rental home in a region where buying a new house is now out of reach for most because of rising property prices and the need for large deposits.
“With the lack of purpose-built lodging in Guildford, the dearth of affordable properties is stifling the market.”
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