Chesterfield-based Avant Homes Central has acquired a 28-acre site in Holmewood 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.
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 is expected to take approximately four and a half years.