Monday, November 18, 2024

Housebuilder submits plans to deliver £78m, 275 new home development in Duckmanton

Housebuilder Honey has submitted plans to deliver a £78m, 275 new home development on a 41-acre site in Duckmanton.

The proposed site, which will be called Pearl, is located on Tom Lane on the outskirts of Duckmanton and is adjacent to the M1.

Subject to planning, Pearl will comprise a mix of two-, three-, four- and five-bedroom homes and will include terraces, semi-detached and detached properties.

If given the go ahead, work at Pearl is anticipated to start in February with the first residents expected to move into their new homes in spring 2026.

The 41-acre site has been allocated for development by Chesterfield Borough Council as part of the Chesterfield local plan to deliver 4080 homes by 2035.

Since being launched in October 2022, Honey has secured 19 sites across Yorkshire and the East Midlands that will deliver 2,349 homes and a combined gross development value of £665m.

The housebuilder 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: “Our proposed development will provide much needed new homes for people living in, or wanting to move to, Duckmanton at a range of price points.

“Duckmanton is an excellent location for us to execute our vision of delivering high specification, sustainable homes within a well thought out development to further enhance local communities.

“We have designed a range of house types that combine style, substance and sustainability. This ensures our buyers, and the wider community in which we build, benefit from a high quality development.

“We are excited by the opportunity to make our vision for our development a reality and we now look forward to Chesterfield Borough Council considering our plans for the site.”

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