Plans for £91m Derby homes scheme revealed
Housebuilder Avant Homes has agreed terms with property development and investment company CEG and the landowner to buy a 31.8-acre parcel of land in Mickleover, where it plans to build 311 homes.
The move comes after CEG secured outline planning permission last year for 1,100 homes at New House Farm, to the west of Mickleover, where the first phase of development is underway. Reserved matters have now been approved for the development and work is set to start in April with the overall build expected to take six years.
Proposals for this £91m phase of development include a selection of two, three, four and five-bedroom homes. The show village will be completed by August and the first properties ready for occupation towards the end of 2019
Avant Homes Midlands managing director, Adrian Evans, said: “We are very pleased to have secured this prime piece of land which is situated in one of the largest suburbs in Derby. Not only will this development deliver high-quality new homes, but it will also bring a significant number of local jobs to the region.
“The council has identified a real need for additional housing around Derby, including affordable, family and starter homes, which this new development will provide so we’re expect to see high levels of interest.”
Avant Homes will contribute £4.2m towards the funding of local infrastructure and transport works, education provision and public open space.
Richard Burke, CEG’s regional head of strategic development for the Midlands, said: “Identified by South Derbyshire District Council as a strategic development location, this site will ultimately deliver a new school, shopping, sports and leisure facilities alongside new homes. Avant was selected as our partner of choice for this next phase, following the delivery of a very high-quality mix of new homes at CEG’s Wollaton Road site in Nottingham. We will also continue to work with the community representatives on the liaison group as this exciting project develops.”
The sale of the site was handled by Savills Nottingham and Hawksmoor.
