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News » Over £20m » Lovell and HCA team up for £53m Chorley scheme » published 25 Apr 2017

Lovell and HCA team up for £53m Chorley scheme

Housing developer Lovell has signed an agreement with the Homes & Communities Agency (HCA) to build 220 new homes near Chorley, Lancashire.

Proposed site layout Above: Proposed site layout

Subject to planning consent, Lovell will start construction work in late summer 2017 on a £53m housing development at Clayton-le-Woods on land purchased from the HCA.

The new housing for open market sale will feature a mix of 18 two-bedroom and 118 three-bedroom houses as well as 67 four-bedroom and 17 five-bedroom houses. Twenty-two of the two- and three-bedroom houses will be sold through the government’s Starter Homes Initiative which enables eligible first-time buyers (under 40 years old) to buy homes priced up to £250,000 at a minimum 20% discount. The overall scheme is set for completion in 2023 with the first homes expected to be available for sale in spring 2018.

Lovell regional managing director Nigel Yates says: “We’re delighted to be working in partnership with the Homes & Communities Agency to deliver this outstanding development of beautifully designed, much-needed homes for Lancashire. The location gives residents access to some stunning scenery on their doorstep while also providing superb transport connections across Lancashire and beyond. Our house styles have been designed with a variety of buyers in mind, from families to young professionals, while our starter homes will help first-time purchasers take their initial step on to the housing ladder.”

 

MPU

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This article was published on 25 Apr 2017 (last updated on 25 Apr 2017).

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