A multi-million-pound land sale in Somercotes will help provide an influx of new homes in the Derbyshire region.

The sale of a site off Birchwood Lane was completed by property consultancy Fisher German and joint agent Wiverton to housebuilder Avant Homes, it has planning permission for 200 dwellings, with 30% having affordable status.

Matthew Handford, senior development surveyor at Fisher German, said: “After a very competitive sale process, we are pleased to provide new market and affordable housing in Derbyshire through a deal with Avant Homes which will accommodate the demand for properties in the county.

“The site was in high demand, with the level of offers received exceeding expectations. This reflects the positive market conditions for development land at the current time, underpinned by strong sale rates, restricted land procurement opportunities and house price growth.”

A reserved matters application was also submitted by Chave Planning in April 2022 on behalf of Avant Homes, following the outline planning permission.

Lorna Rider, land director at Avant Homes Central, said: “We are very pleased to have acquired this site in a highly sought-after area of Derbyshire, allowing us to deliver 200 high quality new homes.

“Our development will feature a mix of properties to suit a wide range of buyers and represents a significant investment for Avant Homes in the Somercotes area.”

Work on the site is anticipated to begin in August 2022.