The scheme, which has been fully developed, built and managed by Stepnell, will see the development of two semi-detached houses and a bungalow.
Stepnell has owned the Rugby site for more than 50 years, which previously included a single bungalow and grounds.
Edward Wakeford, property director at Stepnell, said: "We're delighted to have started on site with these new properties, which will make great use of the space available and provide additional housing for the area.
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"Delivering this project entirely within the Stepnell family means that we are able to work in a much more streamlined way. This end-to-end approach provides continuity - not just throughout the build, but also into the marketing and letting of the properties through property management team."
He added: "Alongside our expertise as a building contractor, Stepnell has an established track record as a landlord and property manager which has been built over the last half century.
"The completed scheme in Rugby will provide an excellent case study for our complete construction partner approach and will illustrate how we can add value for clients moving forward."
Stepnell's property management and maintenance teams will also let and manage the properties following completion.
The project is scheduled for completion in January 2020.
(CM/MH)
