A NEW housing development is set to start in Winchester next month.

Developer Banner Homes has bought the West Hayes Lodge site in Sarum Road, which has planning permission for four two-bedroom apartments and four four-bedroom semi-detached homes.

John Kennedy, managing director, said work should begin in December.

He said: “This latest acquisition signals Banner Homes' continuing investment in new opportunities. In 2011 Banner achieved a record breaking year with 39 new development opportunities having exchanged contracts. This success follows on from two previously buoyant years, with 28 new sites exchanged in 2010 and 35 new sites in 2009.”

The firm has been building since 1975 and has an average selling price of more than £600,000.