185 homes planned for former greenbelt land

Sheffield-headquartered housebuilder, Honey, has lodged plans to deliver a £46m, 185 home development on a 39-acre site on Tickhill Road in Maltby, near Rotherham.

The housebuilder acquired the site from land and property development specialist Hargreaves Land for an undisclosed sum.

Hargreaves Land promoted the site, securing a greenbelt release in Rotherham Metropolitan Borough Council’s Local Plan in 2018 and subsequently secured outline planning permission earlier this year.

Called Jet, the proposed development will comprise a mix of two, three and four-bedroom homes and will include terraces, semi-detached and detached properties.

If given the go ahead by the local authority, work at Jet is anticipated to start in the summer with the first residents expected to move into their new homes early next year.

Of the 185 homes, 25% have been designated as affordable housing. Honey will also make a £786,000 contribution to local initiatives that will benefit the community if planning is granted.

Founded in October 2022, Honey is backed by private equity firm Alchemy Partners and its Alchemy Special Opportunities Fund IV which has £937m of fully committed capital.

Since the start this year, Honey has secured six sites across Yorkshire, Derbyshire and Nottinghamshire which, subject to planning, will deliver 867 new homes and revenues of £262m.

Honey chief executive officer, Mark Mitchell, said: “Maltby is a great location for us to build our high specification, sustainable homes.

“Our vision is to further enhance the town by providing the community with a well thought out development with homes that suit today’s lifestyles.

“Our extensive market research has shown there is strong demand in and around the town for the types of properties we build.

“We now look forward to Rotherham Metropolitan Borough Council considering our plans for the site.”

Andrew Johnson, head of asset management at Hargreaves Land, added: “Hargreaves Land has a longstanding and proud history working in the Maltby area and we are pleased to have completed the land sale with Honey.

“We are excited to see Honey’s proposals for the development of sustainable new homes for the local community and wish them well with the site.”

Click here to sign up to receive our new South West business news...