Avant Homes granted planning for £38m, 139 new home development in Acklam
Development
06 Aug 2024
Housebuilder Avant Homes North East has acquired a 15.37-acre site in Acklam and been granted planning to deliver a £38m, 139 new home development
Called The Avenue and located off St David’s Way, the development will comprise a mix of two-, three and four-bedroom practically designed, energy efficient homes.
Work at The Avenue is expected to start in August and it is anticipated the first homes will be released for sale in November. A show home is scheduled to open in May 2025 and the first residents are expected to move into their new homes in 2025.
As part of its planning application, Avant Homes has also committed to a planning contribution of £600,000 to support the local area.
Avant Homes North East land director, Martin Mowbray, said: “This site creates an exciting opportunity for us to provide Acklam with our popular range of practically designed, energy-efficient homes.
“As a housebuilder, we want to build quality new homes for everyone. We believe The Avenue will allow us to once more demonstrate how we create new and thriving communities that benefit local areas and the people who live there.”
Sunderland-based Avant Homes North East currently has 8 live developments. These range from Bradley Point, High Spen, to Brompton Mews, Catterick.
Avant Homes North East is part of the Avant Homes Group, whose house types are ideal for the private, rented, and affordable sectors. The company operates across the north of England, Scotland and the Midlands from eight regional operating businesses.
At present, Avant Homes Group employs more than 600 people. The housebuilder’s ambition is to develop its multi-tenure business further across its existing regions and beyond, creating communities as well as providing employment opportunities.
Avant Homes Group is also committed to its environmental, social and governance (ESG) responsibilities in line with its vision to construct and sell “quality homes, for everyone”.
The housebuilder’s ESG strategy recognises its obligations to all stakeholders to deliver a sustainable future. Avant Homes’ house types are significantly more energy efficient compared to existing housing stock and appeal to a wide range of customers with different affordability requirements.
Each of Avant Homes’ developments provides a safe place for employees and sub-contractors to work as well supporting its supply chain. The housebuilder creates communities in places where people want to live.
Avant Homes is committed to securing sustainable growth through private for sale, PRS and additional affordable housing.
This better serves customers and communities, particularly where the cost of living has increased and affordability is stretched.
Avant Homes has invested in the internal expertise to develop and deliver strategic relationships with PRS investors as well as affordable housing providers.
The Group recently announced the sale of 306 new homes across eight developments to a leading private rented housing provider, Sigma Capital Group, for over £59.5m.
Four of the developments are in north east England, two in Yorkshire with the balance in the East Midlands. This significant PRS transaction demonstrates the company’s ability to deliver a significant volume of quality new homes to a major PRS investor.
For the year ended 30 June 2024, the Avant Homes Group delivered 1,715 completions.
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