Lainston Woodley Arms LLP (LWA) have submitted yet another planning application for the Woodley Arms site. This is an amendment to the approved application to build two blocks comprising 38 units of student accommodation. The proposal would enlarge the footprint of block 2 and reconfigure the accommodation in each block without increasing the number of units.
The communal room in block 1 will move from the second floor to the ground floor. In exchange, a ground floor bedroom will be swapped to the second floor.
The developers plan to increase the size of block 2 by slightly reducing the area for visitor cycle parking at the southern edge of the site, adjacent to the Charndon Close garages. This will make space for a larger communal area on the ground floor and the study on the second floor will become a bedroom.
The developer withdrew an application to convert the student blocks into co-living accommodation in December 2019. Meanwhile, people are still dumping rubbish in the car park.
What is LWA’s strategy for the site?
The property features on the Lainston Securities website as a development property which they expect to be ready for the 2020/21 academic year. They are also advertising it for sale by Savills at a price in the region of £1.25 million.
LWA accounts for the year ended 31 March 2019, filed with Companies House at the beginning of January 2020, record an investment property valued at £551,642. It was valued at £389,497 in the previous year’s accounts.