Private equity-backed housebuilder submits plans for £53m development
Housebuilder Honey has submitted plans and exchanged contracts on a 16-acre site in Bessacarr, Doncaster to deliver a £53m, 184-home development.
The proposed site, which will be called Opal, is located off Cammidge Way and is adjacent to Bawtry Road.
Subject to planning, Opal will offer a mix of two, three and four-bedroom homes and feature 17 of Honey’s house type designs. Of the 184 homes, 43 have been designated to affordable housing.
The proposed site in Bessacarr will form part of the Doncaster Local Plan which requires a total of 15,640 new homes to be built by 2035.
If given the go ahead by Doncaster Council, work at the development is anticipated to start in May next year with the first residents expected to move into their new homes in the spring of 2026.
Sheffield-based Honey is backed by private equity firm Alchemy Partners and its Alchemy Special Opportunities Fund IV which has £937m of fully committed capital.
Honey chief executive officer Mark Mitchell said: “Bessacarr is a fantastic location for us to build. Our extensive market research has discovered there is significant demand for high specification, high quality homes in and around the local area.
“Our proposed development will satisfy this demand with properties that are thoughtfully designed to combine style, substance and sustainability for the benefit of our buyers and the local community.
“We are very pleased to have submitted plans and exchanged contracts on our Opal development and we now look forward to Doncaster Council’s response.”