The site is located in the village of Headcorn in Kent, with the land promoter securing planning permission on behalf of landowner St John’s College, part of the University of Cambridge.

The price of the transaction has not been disclosed.

The 115-unit development will include a 40% designation for affordable housing and public spaces.

Planning permission was initially denied for the site, located at Moat Road, but was later approved on appeal.

“This is an important site for the delivery of new homes in the local area and we are pleased that Barratt Redrow will be taking the development forward, with 40% affordable homes and public space,” said Thomas Powell, senior land manager at Catesby Estates.

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“[We were] able to successfully demonstrate to the planning inspector the value of the planning application for 115 homes on the basis of the existing Local Plan, overturning the planning committee’s decision on appeal in just three weeks.”

Noah Overton, land director at Redrow Homes South East, added: “This land acquisition in Headcorn, Kent, will allow us to bring forward much needed high-quality homes for people in the local area.

“Catesby Estates and Savills were instrumental in helping us get this sale over the line, and we are in the process of preparing a reserved matters application, hoping to be on site by next year.”

Tom Fraser, Will Newton and Lloyd King from Savills acted as the selling agent.