Plymouth City Council has completed the sale of a plot on the eastern edge of the city to Homes England.
The site off West Park Hill in Plympton is allocated for housing in the Joint Local Plan and is currently used as farmland.
The £7.3 million sale proceeds will be reinvested in city centre infrastructure and to support the Council’s wider growth agenda.
In 2024, a community consultation explored an outline scheme for up to 500 homes, proposing a mix of open market and affordable housing.
Instead of being led by the Council, Homes England will now work with stakeholders to seek planning permission for a high-quality development delivering much-needed new homes and public open space.
The deal underscores Homes England's strong commitment to Plymouth and its support for new housing across the city.
"This is a win-win for Plymouth," said Councillor Chris Penberthy, Cabinet Member for Housing, Communities and Cooperative Development.
"Not only will this move ensure that the homes that we so badly need to tackle the housing crisis are delivered but we also gain funding to build the infrastructure to help us realise our vision for the expansion of housing in the city centre and our wider growth agenda.
"Homes England are a trusted partner and are acquiring a portfolio of sites to help drive forward housing across the city.
"For that reason, I'm confident that this transaction is not only in the best interest of the Council Tax payer, but also the families on the housing waiting list in priority need who are longing for somewhere to call home."
The land at West Park Hill is owned by Plymouth City Council but lies within the South Hams District Council boundary.
Although a pre-application was previously submitted, the land does not currently have full planning permission.
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