Land experts reflect on successful year for development site sales
The Loughborough-based land specialists have completed sales of three such sites in the past 12 months, with several others currently under contract.
The first of these was a 1.4 acre site off Main Road in the popular Derbyshire Dales village of Brailsford, which included outline planning consent for the construction of 13 homes, alongside affordable housing and open space contributions.
June saw the sale of Easthorpe Lodge and the surrounding 6.25 acres of land, situated off the A52 between Nottingham and Grantham, to Gusto Homes through Mather Jamie. The sale marked the first stage in the redevelopment of the land, which had two joint planning approvals to provide 27 much-needed new homes to the East Midlands.
Latterly, in September, Mather Jamie oversaw the sale of a 6.15 acre site in the village of Asfordby, three miles to the west of Melton Mowbray, to Deeley Homes. The land has planning permission for 55 new properties, of which 20 will be open market sale, 25 will be shared ownership and 10 will be affordable homes provided in collaboration with EMH Homes.
The Asfordby site will also provide for contributions towards secondary education, travel and civic amenities, offsite affordable housing, and more. Construction is due to commence in the spring, with the first homes expected to be available towards the end of 2020.
Gary Kirk, Associate Director at Mather Jamie, said: “The market for mid-sector development sites has experienced a real upsurge in demand this year, and this is a trend we expect to see continuing well into 2020. In addition to the sale of land with planning consent, we have also experienced a record year finding Development Partners to release value on land with strategic planning potential.
“We would urge any landowners with land which has short or long term development potential in Leicestershire, Derbyshire, Nottinghamshire or further afield to get in touch with us to discuss what Mather Jamie can do to unlock the latent value of land.”
For further details of residential development land opportunities across the East Midlands and beyond, please contact Gary Kirk or Robert Cole on 01509 233433.
Established in 1991 and based in the East Midlands, Mather Jamie Chartered Surveyors is an independent multidisciplinary practice with a long-established and unrivalled reputation for delivering reliable advice and expertise on residential and commercial developments.