Housebuilder Honey has submitted plans and exchanged contracts on a 10.5-acre site in Matlock to deliver a £20.35m, 75 new home development.
The proposed site, which will be called Hazel, is located opposite Matlock Golf Club on Chesterfield Road and was acquired from strategic land promoter Richborough Estates for an undisclosed sum.
Subject to planning, Hazel will comprise a mix of one-, two-, three-, four- and five bedroom homes and will include maisonettes, terraces, semi-detached and detached properties.
The development is Honey’s second in Derbyshire, with the company recently being granted planning permission to build its £14m, 50-new home Amber development in South Normanton, near Alfreton.
Sheffield-headquartered Honey says its housetypes have all been specifically designed to combine “style, substance and sustainability” for the benefit of buyers. Prices for homes at the development will be released at a later date.
If given the go ahead by Derbyshire Dales District Council, work at Hazel is anticipated to start in December with the first residents expected to move into their new homes next August.
As well as providing new homes for the area, if planning is granted, Honey will also make a £670,000 contribution to initiatives that will benefit the local community.
Honey Chief Executive Officer, Mark Mitchell, said: “It’s fantastic to have submitted planning for our Hazel development, which will deliver new homes that combine style, substance and sustainability for the benefit of discerning buyers.
“There is strong demand for high quality, high specification new homes in Matlock and we now look forward to Derbyshire Dales District Council considering our plans for the site.”
Briony Stenhouse, land and planning manager at Richborough Estates, said: “We’re thrilled to have secured this land sale to Honey, delivering a great result for our landowners and supporting the growth of a new housebuilder.
“Subject to planning, we look forward to Honey starting work on this attractive development of high-quality new homes that meet the needs of the local area.”
Honey was founded by former Avant Homes Chief Executive Officer, Mark Mitchell, in October last year. The company is backed by private equity firm Alchemy Partners and its Alchemy Special Opportunities Fund IV which has £937m of fully committed capital.
