Avant Homes acquires site in Mansfield to deliver £90m, 396 new home multi-tenure development

Avant Homes has secured a multi-tenure new homes development site after exchanging contracts on 22-acres of land at Pleasley Hill Farm, Mansfield.

Subject to planning, Avant Homes Central will build 396 of its practically designed, energy efficient two-, three- and four-bedroom homes which will have a gross development value of £90m.

The housebuilder will be investing circa £55m to deliver this development, supporting local businesses and communities over a six-to-seven-year period.

The site will form part of a mixed-use development of up to 850 dwellings across a wider area, which will also include retail and commercial space.

Avant Homes’ proposed development will deliver 396 new homes covering all price points and a range of tenures, including 40 houses designated affordable housing. The housebuilder’s new homes will also be available for those customers wishing to access the private rented sector (PRS).

Avant Homes has also committed to community contributions of around £2.1m towards the provision of local services, education and healthcare.

The housebuilder acquired the site from a private vendor for an undisclosed sum.

Matt Barker, director in charge at Avant Homes Central, said:

“Our Pleasley Hill Farm site acquisition represents an exciting opportunity for us to expand our development footprint into Mansfield. As a housebuilder, we want to build quality new homes for everyone and this site is an ideal location for us to deliver our range of practically designed, energy efficient homes in a place people want to live. We look forward to working with Mansfield District Council and submitting our plans to deliver a new and thriving community within the town.”

Barlborough-based Avant Homes Central currently has eight live developments. These range from Nexus Point in Owlthorpe to Bennerley View in Awsworth.

The company is part of the Avant Homes Group, which operates across the Midlands, north of England and Scotland from eight regional operating businesses.

At present, Avant Homes Group employs more than 600 people. The housebuilder’s ambition is to develop its multi-tenure business further across its existing regions and beyond, creating communities as well as providing employment opportunities.

Avant Homes Group is also committed to its environmental, social and governance (ESG) responsibilities in line with its vision to construct and sell “quality homes, for everyone”.

The housebuilder’s ESG strategy recognises its obligations to all stakeholders to deliver a sustainable future. Avant Homes’ house types are significantly more energy efficient compared to existing housing stock and appeal to a wide range of customers with different affordability requirements.

Each of Avant Homes’ developments provides a safe place for employees and sub-contractors to work as well supporting its supply chain. The housebuilder creates communities in places where people want to live.

Avant Homes is committed to securing sustainable growth through private for sale, PRS and additional affordable housing.

This better serves customers and communities, particularly where the cost of living has increased and affordability is stretched.

Avant Homes has invested in the internal expertise to develop and deliver strategic relationships with PRS investors as well as affordable housing providers.

The Group recently announced the sale of 306 new homes across eight developments to a leading private rented housing provider, Sigma Capital Group, for over £59.5m.

Four of the developments are in north east England, two in Yorkshire with the balance in the East Midlands. This significant PRS transaction demonstrates the company’s ability to deliver a significant volume of quality new homes to a major PRS investor.

For the year ended 30 June 2023, the Avant Homes Group delivered 1,766 completions.

For further information visit www.avanthomes.co.uk