Our residential development team are thrilled to have secured a 40-acre site allocated for housing in the Mansfield District which has outlined planning permission for 400 dwellings achieved by Harworth Group in 2018.
Acting on behalf of a longstanding client who owns the site, we have sold the site off Stonebridge Lane to Barratt and David Wilson Home who submitted a reserved matters application in 2020. Harworth Group have been appointed as promoter for the multi-million-pound land sale in Market Warsop. The site will provide a swathe of new homes in the Nottinghamshire region.
Matthew Handford, a senior development surveyor in our Ashby office, said: “We are pleased to have completed a deal with Barratt and David Wilson Homes which will accommodate the great need for both market and affordable housing in the Nottinghamshire area. It was a pleasure to work with the land department at Barratt and David Wilson North Midlands on a complex sale contract and I am excited to see the development come to fruition, with the outline planning permission granted back in September 2018. We received a strong level of interest in the site throughout the duration of the process which reflects the positive market conditions for development land at the current time, underpinned by strong sale rates, restricted land procurement opportunities and house price growth.”
Barratt and David Wilson Homes is now set to begin work on the site, with the first show homes expected to be open in February 2023. The development will consist of a mixture of two-, three-, four- and five-bedroom properties, with 20 per cent expected to be affordable homes.
Mark Cotes, managing director at Barratt and David Wilson Homes North Midlands, said: “Acquiring the land for our development in Market Warsop is fantastic news as it brings the delivery of 400 much-needed new homes ever closer for Nottinghamshire property seekers. The plans for the development include a mix of housing, including 80 affordable homes, and will form part of a major investment in the Warsop area. Our development will also underpin approximately 800 jobs for local people.”
Tim Love, Executive Director at Harworth Group, added: “The proposed development at Market Warsop will have a significant beneficial impact on the local area and communities close by. We are delighted to have worked with our valued partners at Fisher German and Barratt and David Wilson Homes to promote this site, which will deliver much needed high quality homes.”