Planning consultancy Barton Willmore has submitted plans on behalf of Story Homes to develop the former Camelot Theme Park in Lancashire.
The planning application submitted to Chorley Council is for a total of 420 homes including more than 140 affordable homes for local people. The theme park closed in 2012. The site covers 52 acres in Charnock Richard between junctions 27 and 28 of the M6.
Plans for the site include extensive pedestrian and cycle networks, as well as children's play areas, open green space and allotments. If approved, it will generate a New Homes Bonus of up to £3m for Chorley Council.
Dan Mitchell, partner in Barton Willmore's Manchester office, said: "This is an important opportunity to make best use of what would otherwise be a vacant, derelict brownfield site where there are clearly no other suitable uses. We know there is a lot of demand, both for market and affordable housing, in the area.
"We have taken our proposals to local people and listened to what they have said. Now we are looking forward to working with Chorley Borough Council to create an outstanding development that genuinely adds to the surrounding area."
Dan Barton, development planner for Story Homes, said: "The former Camelot theme had suffered from substantial underinvestment over a number of years before it no longer became viable as a tourist attraction. If the site is not developed it will be left vacant.
"We want to create a really high quality new housing development that will provide more than 100 much-needed affordable homes for local people and create a number of jobs during the construction period."
Planit-IE is advising Story Homes on landscape architecture.