Multi-million pound deal paves way for 200 new homes in Derbyshire

Fisher German and Wiverton have sold a multi-million pound site in Somercotes, Derbyshire, paving the way for the creation of 200 new homes.

The firms were instructed to market the site off Birchwood Lane after Chave Planning obtained permission for the residential development on behalf of the landowner.

Avant Homes is set to begin work on the scheme in August this year.

30 percent of the development will consist of affordable homes.

Matthew Handford, senior development surveyor at Fisher German, said: “After a very competitive sale process, we are pleased to provide new market and affordable housing in Derbyshire through a deal with Avant Homes which will accommodate the demand for properties in the county.

“The site was in high demand, with the level of offers received exceeding expectations. This reflects the positive market conditions for development land at the current time, underpinned by strong sale rates, restricted land procurement opportunities and house price growth.

“It was a pleasure to work with Avant, and the development will bring great benefit to prospective homeowners looking for fresh housing opportunities in the area. I look forward to seeing it come to fruition.”

Lorna Rider, land director at Avant Homes Central, said: “We are very pleased to have acquired this site in a highly sought-after area of Derbyshire, allowing us to deliver 200 high quality new homes.

“Our development will feature a mix of properties to suit a wide range of buyers and represents a significant investment for Avant Homes in the Somercotes area.”

Caroline Chave, director at Chave Planning, added: “The proposed development at Somercotes will positively impact the local area and communities close by. We are delighted to have worked with Fisher German and Wiverton to promote this site and secure planning permission and look forward to seeing the development come to fruition.”