The developer will build a collection of two, three, four and five-bedroom high quality family homes in the Gloucestershire town. The majority will be two-storey properties, although the site will feature ten bungalows.
The 17.6 acre development on Highfield Road, formerly grazing land, enjoys panoramic views over the Severn estuary.
Richard Kelso, land director for Edenstone Homes, said: “We are pleased to have secured planning consent for this impressive development which will deliver much-needed new homes in a sought after location.
“With the Severn Bridge tolls being lifted at the end of next year, the cost of commuting to the South West will be cut by £130 per month and as such locations like Lydney are becoming more and more popular with house buyers.
“As part of the development, we will build 30 affordable homes, equating to 18% of the overall scheme. Every home will also benefit from electric car charging points and residents will also be able to enjoy the use of allotments and green open spaces around the development.”
Edenstone will contribute almost £950,000 towards local education provision and highways improvements in Lydney, including a new right hand turn lane on Highfield Road.
The historical town is known as the gateway to the Forest of Dean and is around 10 miles from Chepstow and the M4. It is well served by a choice of schools and benefits from a wide range of shops and amenities too.
Edenstone will begin construction in early 2018 with the first homes expected to be ready for occupation later that year.
Edenstone Homes has built a formidable reputation for delivering high quality new homes in desirable locations across South West and South Wales.
The business has several high profile developments, including the redevelopment of The Hill in Abergavenny, which will see the 18th century property restored into apartments and several new homes built in the stunning parkland surrounding it.