New homes set to be built in Potton

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News article

New homes set to be built in Potton

August 2017

Potton development site

Up to 90 new homes are set to be built in Potton following a deal overseen by a leading development agency. Fisher German, which operates nationally, has agreed terms on a site off Sandy Road with CALA Homes.

It is the first major sale associated with the firm’s Bedford office since it merged with Warmingtons Chartered Surveyors.

Fisher German acted on behalf of the landowners and advised on the site’s planning potential and strategy, marketed it as a strategic development opportunity and then selected land promoter Catesby Property Group who gained outline planning permission for up to 90 homes. 

The firm then brought the site to market and received a number of competitive offers before agreeing a deal with CALA Homes.

The development is set to feature 58 three to five-bedroom quality homes for private sale as well as 32 affordable homes.

Luke Brafield, associate partner at Fisher German, said: “Potton is a very sought-after location and benefits from a number of services and amenities.

“The market town is conveniently located for commuting to the nearby centres of Bedford, Letchworth, Cambridge, Milton Keynes and London by road and rail.

“CALA Homes is an upmarket housebuilder, and their quality properties will complement the area.

“This was a very good deal for our Bedford office and the first one since the merger. The office is also working on other development sites in the area including Harrold, Turvey and Biddenham.”

The whole transaction from start to finish took less than 18 months to complete.

Myron Osborne, Land and Development director at Catesby, based in Warwick, said: “Catesby are working with Fisher German nationally on a number of sites and this site shows how quickly the Catesby team can deliver much needed housing on unallocated sites.  

“To go from start to finish with a sale to a leading home builder in just under 18 months is extraordinarily quick and is really tribute to our planning team and all the professionals involved.”

CALA Homes is looking to start work on the development in early 2018, and the properties will be on sale from summer 2018.

Bill Beyzade, Land Director at CALA Homes, said: “We are delighted to be working on this development in Potton which will provide much-needed private and affordable homes. We anticipate that it will be completed by summer 2020.”

Further information about the development can be found by visiting https://www.cala.co.uk/

For more information, please contact Luke Brafield on 07468 860081 or email here

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Fisher German hold auctions throughout the year. For further information about 2017 dates and results of past auctions, click below to visit our auction page.

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