Sadler Woods, Eaglescliffe – 253 homes
In addition to the above, we’re also planning to deliver 253 new homes on the site known as Allens West in Eaglescliffe. The development, which will be named Sadler Woods, will form part of a wider 845 home site. We’ve entered into a Joint Venture with landowner, Home Group, which will see us build all 253 of the new homes, taking responsibility for selling the open market properties, whilst Home Group will take responsibility for the affordable housing.
Kitson Keen, Development Director for Home Group said: “We’re very excited to be collaborating with Story Homes on this project; they are a 5-star builder, and we are pleased that they will be delivering these new homes. The Story Homes team have been a pleasure to work with and we are looking forward to continuing to build on this relationship.”
Alongside the delivery of affordable housing, the substantial financial contributions generated by these three developments will provide a significant source of funding to support infrastructure improvements and local services that benefit the community, providing a huge boost to the local economy. These land deals are a significant achievement for us, and they will help us to further establish our presence in the North East, and help deliver our aspirational growth plans.
Stuart Morgan, North East Land Director said: “I’m absolutely thrilled with the completion of these three land deals, which clearly demonstrate that Story Homes continues to be active in the North East, further building on our proven track record of acquiring land for housing, unlocking its potential, and delivering high quality new homes in the region.
“The Land and Planning team have worked hard with our partners to secure these sites, and it’s a fantastic achievement for the business. These collaborations set a great example of how local businesses and organisations can work together for the mutual benefit of all parties. The success of these collaborations gives us great confidence that we can continue to explore these types of opportunities in the future.”
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**A Section 106 is a legal agreement between an applicant seeking planning permission and the local planning authority, which is used to mitigate the impact of any new homes on the local community and infrastructure.