Nearly eight acres of residential land with detailed planning consent for 73 new homes, in the village of Killinghall, between Harrogate and Ripon, has been sold to local housing association – Yorkshire Housing.
Leading property firm, Adair Paxton Ltd, negotiated the sale, acting for Woodhead Investment & Development Services Ltd.
Adair Paxton’s Land & Development Director, Bruce Collinson, said: “We’ve been working on this development site for five years, which has involved maximising its value by securing planning consent and going to the open market, and it’s very rewarding to get the deal over the line.
“It’s a cracking green field site, which attracted tremendous interest from several major housebuilders, but it was Yorkshire Housing that successfully outbid them and secured the deal. The relatively low density of the proposed homes, which Harrogate Planners had requested, made it an ideal choice for Yorkshire Housing.”
The housing association was advised by Kester Horn, of Space Partnerships, Deborah Finan from LCF Law’s Bradford office acted for the vendors, and Ian Errington of Blacks Solicitors and Richard Stirk of Bevan Brittan LLP acted for the buyers.
Bruce added: “The sale was achieved through a competitive bid basis, with Yorkshire Housing offering the best value to our clients, both maximising value and achieving short-term delivery. Work on the 73 new homes has already started on site, with the first homes ready later this year.”
Adair Paxton is a leading, independent firm of estate agents that was founded in 1859. The company provides both residential and commercial sales and lettings services, as well as having established survey and block management divisions.
