A multi-million pound land sale in Chesterfield has provided a huge funding boost for a small local charity and will bring hundreds of new homes to the area.
Leading property consultancy Fisher German has sold a site in Staveley, Chesterfield with planning permission for 400 dwellings to Barratt David Wilson Homes.
Fisher German acted on behalf of a private landowner, which owned the majority of the site, as well as the Sutton-cum-Duckmanton Educational Trust, which was gifted a portion of the land in the 1950s.
The charity offers small grants to residents of the Sutton-cum-Duckmanton area who are undertaking further education, and the funding boost will ensure it can continue its positive work.
Fisher German was appointed by the landowners, and the firm then appointed Hollins Strategic Land as promoter.
Hollins Strategic Land secured the 55-acre site’s allocation for housing in the Chesterfield Borough Local Plan and outline planning permission for 400 dwellings on the site in 2020, just two years after their appointment.
Fisher German then marketed the site, receiving a strong level of interest from housebuilders, and the sale has now completed to Barratt David Wilson Homes.
Barratt David Wilson Homes is now progressing a reserved matters planning application – finalising the layout and features of the development as well as the exact number of houses – and is expecting to start work on the site in March 2022, with the first show home expected to be open in March 2023.
Amy Bowden, of Fisher German, said: “We are pleased to have completed a deal with Barratt David Wilson Homes. We received a good level of interest in the site which reflects the positive market conditions for development land at the current time, underpinned by strong sale rates and house price growth. The sale of the site will bring much-needed new homes to the area and has provided the charity with a huge funding boost which will support the trustees to continue their excellent work going forward.”