Housebuilder snaps up Leicestershire site in £9m deal

Bellway Homes has bought a 12.5 acre site in Coalville from land firm Harworth in a £8.9m deal.

Bellway is set to build 166 homes at the development.

Harworth, through its role as master developer at the South-East Coalville site, has completed initial infrastructure works at the site including delivering a new access roundabout from the existing road network alongside internal roads and utilities.

Lynda Shillaw, chief Executive of Harworth Group, said: “The appeal of our major developments and the quality of our serviced land has again been evidenced by Bellway becoming the seventeenth housebuilder to which we’ve sold land in the past seven years. Achieving December 2019 book value also demonstrates the sustained resilience of our property sectors and regional markets, giving us further confidence as we head in to 2021.”

David Cockroft, Harworth’s regional director for the Midlands, added: “2020 has been a milestone year for South East Coalville, with extensive remediation and infrastructure works facilitating two significant sales. The development is fast becoming one of the Midlands’ flagship residential schemes and we look forward to Bellway getting on to site as soon as possible to build the homes that the region urgently needs.”