New housing scheme in Clay Cross offers “save to buy” scheme for local tenants

30th August 2023

35 new homes are being developed in Clay Cross, offering a flexible option for local tenants looking to get on the property ladder.

Six two-bed houses and a three-bed home were on display to the public recently, to showcase the new development at Clay Lane.

These homes have been built in partnership with North East Derbyshire District Council, Rentplus, and Woodall Homes, helping fill the need for affordable quality homes in the district.

The scheme is the first affordable rent to buy scheme in NE Derbyshire. Tenants move in with no deposit and pay an affordable rent (which includes all repairs and service charges) which gives tenants the opportunity to save towards a future mortgage.

At key pre-set points at years 5, 10, 15 or 20 they can buy their home and are given a 10% sum from Rentplus towards their savings. The average total household income of tenants on the scheme is £33,000 and the properties have been allocated to local residents, mostly key or essential workers. who otherwise would have struggled to purchase a property on the open market.

Steve Collins, CEO of Rentplus explains why affordable rent to buy schemes are needed: “With the average house price for first-time buyers in North East Derbyshire over £211,000, many working households on lower or middle incomes are locked out of home ownership as they are unable to save enough for a deposit, even though they could afford mortgage repayments.

“Tenants move in without paying an initial deposit and then rent their home at an affordable rent (which includes all repairs and service charges) for between 5 and 20 years whilst they save. When ready to buy, they receive a gifted deposit of 10% from Rentplus towards their savings”

North East Derbyshire District Council Leader, Councillor Nigel Barker said: “I’m delighted to see such a fantastic scheme for some of our wonderful residents, who will be moving into these brand new houses in the coming weeks. In our Council Plan, we have demonstrated our commitment to increasing the number of affordable homes in the district in the years to come.”

MP Lee Rowley has also welcomed the scheme: “I’m very impressed with what I have seen today and I’m looking forward to seeing people move into their Rentplus home. They key thing is to give people choices: whether to rent or to buy, or something in-between. What’s so good about this is that it allows people to become homeowners in the medium or long term but doing it in a way that helps people in the short term.”

Did you know that Chesterfield was recently ranked as the 2nd best place in the UK to raise a family? Find out more about the excellent lifestyle offered to residents in Chesterfield and North Derbyshire at: https://www.chesterfield.co.uk/about-chesterfield/living/

Woodall Homes supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.

Posted in About Chesterfield, Celebrate Chesterfield, Development, Home, Love Chesterfield, Property and Construction, Uncategorised, VisitingTagged in Clay Cross Houses, Houses in Chesterfield, Living in Chesterfield, Love Chesterfield, New houses, North East Derbyshire District Council, Save to buy, Woodall Homes

247 new homes to be built in Holmewood

24th January 2023

Chesterfield-based Avant Homes Central has acquired a 28-acre site in Holmewood to deliver 247 new-build homes with a gross development value (GDV) of around £60m.

Called Earl’s Park, the development is located just a 10-minute drive from Chesterfield town centre on Tibshelf Road.

The development received planning permission in December last year, and will comprise a mix of two, three, four and five-bedroom homes showcasing 13 of Avant Homes’ design-led house types.

Prices will start from £209,995 for a two-bedroom terrace property to £389,995 for a five-bedroom detached home and work is due to start on site in February.

Of the 247 homes, 20 per cent have been designated to affordable housing. Avant Homes has also committed to community contributions of around £2.3m towards the provision of local education and healthcare.

The first homes are scheduled to be ready for occupation in September. The overall construction period expected to take approximately four and a half years.

Avant Homes Central managing director, Chris Coley, commented: “As a Chesterfield-based business, Earl’s Park is an exciting opportunity to further expand our property portfolio close to our headquarters.

“We know there is still strong demand for high quality new-build homes amongst a wide range of buyers in the region.

“With the site’s close proximity to the M1 and Chesterfield town centre, we anticipate Earl’s Park will be an attractive option for prospective purchasers looking to move within the area.”

Whether it’s a town or village experience, contemporary or traditional housing, buying or renting, living in Chesterfield and the surrounding area is affordable and offers something for everyone.

With new schools and one of the largest colleges in England, Chesterfield is home to a wide range of businesses including IT specialists, world class engineering and communications companies. From high street names to local specialists, arts and culture, hotels and an historic town centre market, the town has a vibrant heart.

We are superbly connected, have history galore, fantastic buildings and places, world leading businesses, enthusiastic and skilled people and most importantly we offer a great lifestyle.

Find out more about living in Chesterfield at: https://www.chesterfield.co.uk/about-chesterfield/

Posted in About Chesterfield, Business, Development, Home, Love Chesterfield, Property and Construction, UncategorisedTagged in Chesterfield construction, chesterfield homes, chesterfield news, Holmewood, Living in Chesterfield, New houses, New houses in Chesterfield

Progress continues on development of 120 new homes in Holmewood

28th April 2021

A housing development comprising of 120 new homes is continuing progress in Holmewood, with the developer opening the doors to its marketing suite on the site this month.

Thorpe Meadows is the latest development by housebuilder Harron Homes, which has also been working on the Regents Green development in nearby Grassmoor.

Set in a picturesque area of North East of Derbyshire, Holmewood boasts the Five Pits Trail, a country park which is a haven for wildlife, while Chesterfield is just a short drive away for major retailers as well as leisure and entertainment options.

The village is also in close proximity to the M1, providing commuters with convenient access to Sheffield and Nottingham, both of which are approximately 20 miles away.

Construction work is progressing, with a showhome expected to be available to view by July 2021. This development comprises of a collection of three and four bedroom homes.

Harron Homes says ecology will be a priority on the site with bird boxes, bat boxes and hedgehog homes and highways all being incorporated in the development.

Natalie Griffiths, Sales and Marketing Director at Harron Homes North Midlands, said “We’re delighted to bring our collection of sought-after homes to this stunning area.

“Given the popularity of our last development in the region, we don’t anticipate these homes staying on the market for long, so be sure to register your interest early!”

The first homes are expected to be complete by Autumn 2021.

If you would like to find out more about living and working in Chesterfield, our website has plenty of useful information here.

There are several developments currently taking place across the town, bringing a variety of new homes, leisure facilities, office space and retail units. You can keep track of all the major regeneration taking place across the town on our developments page.

Posted in Destination Chesterfield, Development, Featured, Home, Leisure, UncategorisedTagged in chesterfield developments, chesterfield housing, chesterfield news, Harron Homes, Holmewood, housing, New houses