An independent West Country housebuilder has completed the purchase of 50 acres of land to build a new development in North Devon.
Devonshire Homes will build 347 new homes on the site in Ilfracombe. The development, named Mariner's Haven, is located south of the town with views across the Bristol Channel.
Planning consent for 309 open market and 38 affordable homes has already been granted to the housebuilder. Devonshire Homes said there will be a mix of one and two bedroom apartments and two, three and four bedroom houses of which "a high promotion will benefit" from sea views.
The 30-year-old residential home developer has partnered with social impact investor Housing Growth Partnership (HGP) to offer modern and energy-efficient new build homes. The company has announced construction will start on the first 17 homes, with properties in the first phase ready for occupation in 2024.
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The house builder said it will be "making several contributions" to the local area under the S106 agreement, totalling £2m. These will include sports pitches, a multi use games area, local equipment area for play, local areas for play, and open space. Land will also be provided for a school and community facility to be built.
The Ilfracombe scheme is the sixth site acquired under the joint venture arrangements between the Tiverton-headquartered housebuilder and HGP in the last six years.
Angus Cook, managing director at Devonshire Homes, commented: “Ilfracombe is a significant site for Devonshire Homes, and we’re delighted to be bringing this development forward in partnership with HGP.
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“We know there is strong demand for high quality new-build homes amongst a wide range of buyers in the region. With the site’s proximity to the beautiful North Devon coastline, we anticipate Mariner’s Haven will be an attractive option for prospective purchasers looking to stay in, or move to, the area; and enjoy all the benefits of easy access to the stunning coastline. These 347 new homes will mean new opportunities for people and families in the area, and we’re looking forward to being part of the community.”
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