The 28-acre site, located around half a mile from Farnham town centre and just off the Coxbridge roundabout, comprises a number of fields which are currently used for grazing. But if the plans are given the green light by Waverley Borough Council, the land could soon be home to up to 350 properties, of which 105 would be affordable.
It is planned that 70 of these homes would be affordable rent, with the other 35 as shared ownership.
The application has been submitted by VIVID Housing Ltd and Vestal Development Ltd in conjunction with the landowners Keith Kenward, Valerie Mary Kenward, Katherine Kenward, Philippa Fry, and Surrey County Council.
Proposed plans also include a new vehicular access to West Street and other highway works, associated landscaping, public open space with three play areas, and other supporting infrastructure.
David Howell, of the Farnham Society, said: “We engaged with VIVID in January and have met them a couple of times (at Union Road) trying to influence several aspects of the proposals.
“They have engaged with us positively, asking to meet up again on both occasions.
“At the end of the day, Keith Kenward and Surrey will control what is built.”
The land has already been identified as a potential site in both the adopted Waverley Local Plan and the Farnham Neighbourhood Plan.
Two public exhibitions were also previously hosted by VIVID to gauge public interest and opinion on its Coxbridge Farm plans.
But concerns were raised by residents about the number of new homes going up in Farnham.
* Have your say on the plans before June 28 by heading to planning360.waverley.gov.uk and searching for planning application WA/2019/0770.