Regional housebuilder Homes by Carlton has acquired land for a new 48-unit housing development in Staindrop, County Durham.
The scheme, which will be known as Woodberry Park, will comprise a mix of three, four and five-bedroom detached and semi-detached homes designed to appeal to families of all sizes.
Construction is due to start on-site later this year.
The Woodberry Park announcement follows two recent land deal successes for Homes by Carlton – the acquisition of a further 148 units at their Middleton Waters site in Middleton St George, and a new 29-unit scheme at Beauford Park, Witton Gilbert.
The scheme is in partnership with Karbon Homes’s Next Level Developments, who will be providing the full funding package for the development.
Simon Walker, Managing Director of award-winning Homes by Carlton, said: “We’re delighted that Next Level Developments have provided a Joint Venture funding facility which will allow Homes by Carlton to deliver what is set to be a beautiful development of three to five-bedroom homes in popular Staindrop.
“I believe this funding structure is an excellent example of an innovative approach to enabling regional housebuilders such as Homes by Carlton to deliver high quality homes throughout the region, providing prospective home buyers with more choice.”
Sarah Robson, Director of Development at Karbon Homes, said: “Through Next Level Developments, Karbon Homes’s Joint Venture funding arm, we are committed to supporting regional housebuilders in the development of much-needed new homes. The returns from this then support Karbon Homes’s continued investment in our affordable homes programme.”
Woodberry Park represents a £10 million investment and forms part of a £60 million commitment from Homes by Carlton to deliver high quality homes throughout the North East, creating hundreds of jobs over the coming years.
More details on current and future sites can be found by visiting – www.homesbycarlton.com
