Avant Homes acquires Holmewood, Derbyshire, site to deliver £60m, 247-home development
Avant Homes has acquired a 28-acre site in Holmewood, Derbyshire, to deliver 247 new-build homes with a gross development value (GDV) of around £60m.
Called Earl’s Park, the development is located just a 10-minute drive from Chesterfield town centre on Tibshelf Road.
The development received planning permission in December last year, and will comprise a mix of two, three, four and five-bedroom homes showcasing 13 of Avant Homes’ design-led house types.
Prices will start from £209,995 for a two-bedroom terrace property to £389,995 for a five-bedroom detached home and work is due to start on site in February.
Of the 247 homes, 20 per cent have been designated to affordable housing. Avant Homes has also committed to community contributions of around £2.3m towards the provision of local education and healthcare.
The first homes are scheduled to be ready for occupation in September with a showhome expected to open this summer. The overall construction period expected to take approximately four and a half years.
Avant Homes Central managing director, Chris Coley, commented: “As a Chesterfield-based business, Earl’s Park is an exciting opportunity to further expand our property portfolio close to our headquarters.
“We know there is still strong demand for high quality new-build homes amongst a wide range of buyers in the region.
“With the site’s close proximity to the M1 and Chesterfield town centre, we anticipate Earl’s Park will be an attractive option for prospective purchasers looking to move within the area.”
Avant Homes Central currently has nine live developments ranging from Chesterfield to Derby with many more due to start as the business continues to implement its growth plans.
The Chesterfield-based business is part of the Avant Homes Group, one of the leading private developers of residential property in the UK.
In addition to Central, Avant Homes has six other regional business operating within Scotland, north east England, Yorkshire, North Yorkshire, East Midlands and West Midlands.