Land on the edge of a Derbyshire market town which has planning permission for new homes has been snapped up by a developer.
House-builder Miller Homes, which has its regional head office on Pride Park, Derby, has bought the 5.7-acre plot in Jawbone Lane, Melbourne.
The precise cost of the deal has not been disclosed but according to specialist property consultants Fisher German, which acted on behalf of the landowners, it was a “multi-million pound” transaction.
The site, which is currently farmland, has planning permission for 34 dwellings. Initially, planning permission was refused by South Derbyshire District Council.
The site that will be developed is in Jawbone Lane
But the Planning Inspectorate allowed Fisher German to successfully appeal that decision on the grounds that the district council could not demonstrate a five-year housing land supply, concluding that the Melbourne site was a “suitable and sustainable” location for development.
The land was promoted to developers by a company called Investin Plc and then brought to market by Fisher German.
According to Fisher German, it received a “high level of interest” for the land from developers but agreed a deal with Miller “not only for their strong commercial terms but also for their experience of building new homes in the Midlands and the high quality of their product, which has allowed the land-owning client to leave a lasting legacy”.
The development will feature three to five bedroom family homes, with Miller expected to start work on the site in January. The new homes are expected to be ready for sale from summer 2018.
Plans to build the homes were initially turned down by South Derbyshire District Council
Ben Marshalsay, partner at Fisher German, said: “We received a considerable amount of interest for the site in Melbourne, which was sold for an extremely strong price for a relatively small site.
“Fisher German’s planning team was retained by Investin Plc for the application and subsequent appeal process and despite a tough journey, successfully received permission for 34 dwellings.
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“Miller Homes has an extremely strong reputation for building quality housing and the development will bring much-needed homes to the area, including 30% on-site affordable housing.
“Melbourne is one of South Derbyshire’s premier villages which has a number of amenities and is commutable to nearby cities, including Derby.
“Interestingly, Jawbone Lane is named after a pair of whale jawbones located in the street and these will continue to sit at the entrance of the site.”
Source: Derby Telegraph