Gleeson Homes, the leading listed housebuilder focusing on building low-cost quality homes for first time buyers across the Midlands and North of England, has now achieved approval to build new homes in Mansfield. The development will consist of 197 stunning new 2, 3 and 4 bedroom homes all complete with off-street parking and front and rear gardens after taking ownership of land at Crown Farm Way in Mansfield.
The exciting development is Gleeson’s second development in the town and will provide affordable homes for many locals, with Gleeson’s price point typically 20% below the average market price. The vacant land will begin its transformation later this month, with properties anticipated to be on sale from Spring 2021, with prices for a three bedroom home starting 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.
Allen continues, “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 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.
The new development bring financial contributions to the area, combined with a host of employment opportunities for local people, sub-contractors and young workers looking to start an apprenticeship in construction.