Nearly 200 new homes will be on the way to a Nottinghamshire town after they were given the green light.
The Gleeson Homes development will consist of 197 new 2, 3 and 4 bedroom homes all complete with off-street parking and front and rear gardens after developers took ownership of the land at Crown Farm Way in Mansfield.
The development is Gleeson’s second in the town and they say it will provide affordable homes as its price point is typically 20% below the average market level.
The vacant land will begin its transformation later this month, with properties anticipated to be on sale from Spring 2021.
Prices for a three-bedroom home start from approximately £149,995. Prospective homeowners will be able to register their interest via Gleeson’s website later this year.
Allen Marshall, operations director for Gleeson in the Midlands said: "We are thrilled to have achieved planning consent for this exciting development. We believe it will add real value to the area and provide local people on low incomes the opportunity to achieve their dreams of home ownership and the wealth of benefits that it brings.
“By utilising a shared ownership scheme, a monthly mortgage for a two-bedroom home is anticipated to be cheaper than local rent figures. Plus, if using the government backed Help to Buy scheme, many of the homes will only require a 5% deposit.
"Located less than a 10 minute drive from the town centre, the development is also supported by superb amenities, including good schools, a medical centre and local stores.”
Gleeson will be making a contribution towards off-site education to Mansfield District Council, as well as allocating a certain number of homes to the council’s affordable housing initiative.
The housebuilder said it will also be making "ecological enhancements" to the development, as well as improvements to road junctions in the vicinity in accordance with the town’s regeneration masterplan.
Gleeson said the new development brings financial contributions to the area, combined with a host of employment opportunities for local residents, sub-contractors and young workers looking to start an apprenticeship in construction.
