Harris Lamb has sold a 10-acre plot of land in Chesterfield to the UK’s leading privately-owned house-builder Avant Homes.
The developer now plans to redevelop the Newbold Road site to build 91 high-specification new homes.
Charles D’Auncey, director of Harris Lamb, oversaw the sale on behalf of GKN, and said that Avant Homes had been the successful bidder for the site, which a number of developers had identified as a desirable location for a residential development.
He said: “There has been a real demand for quality new homes within the region as a result of its excellent access links and its proximity to the Peak District, but available land to fulfil that need is in short supply.
“Newbold Fields more than met the requirements. Located just four miles from the Area of Outstanding Natural Beauty, the site is just a mile away from Chesterfield town centre and its amenities, lending itself to creating a residential community.”
The Newbold Road site had already been awarded planning consent for the properties subject the developer is committed to paying more than £200,000 toward improvements to the local nursery, infant and junior schools, as well as providing 20 percent of the houses
D’Auncey added: “Confidence has returned to the housing construction sector as the economy has improved; something the introduction of the Help To Buy Government initiative in 2013 has helped to escalate.
“As a result, Harris Lamb has been working with clients to identify suitable land supplies for residential development and liaising with interested developers to help secure the sale, planning permission and support site-works where appropriate.
“There was a great deal of interest in this site from various UK developers keen to secure a presence in Derbyshire, and the location of this particular parcel of land made it a very desirable asset. We’re confident that the site will be redeveloped to an extremely high standard, thanks to Avant Homes’ Avant Homes’ reputation for creating homes with an innovative design and specification.”
Construction at the Newbold Fields site will start in the coming weeks and the development is expected to launch in the summer.
Harris Lamb’s reputation for residential land sales sees the business work with a number of private land-owners to negotiate sales with leading UK developers. Last month, the business sold eight acres of land in Evesham to Bovis Homes for a 60-property development.