Devonshire Homes has completed the purchase of 202,343m2 of land to build homes in Ilfracombe, North Devon.
The development, Mariner’s Haven, is located south of the town near Old Barnstaple Road with views across the Bristol Channel and open countryside.
Devonshire Homes has planning consent for 309 open market and 38 affordable homes which will offer a mix of one and two-bedroom apartments and two, three and four-bedroom houses.
Partnering with social impact investor Housing Growth Partnership (HGP) to bring forward energy-efficient new build homes, construction will start on the first 17 homes imminently. Properties in the first phase will be ready for occupation in 2024 with the show home opening in early 2024 for house hunters to view Devonshire Homes’ build.
Angus Cook, managing director at Devonshire Homes, said: “Ilfracombe is a significant site for Devonshire Homes, and we’re delighted to be bringing this development forward in partnership with HGP. 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.”
Devonshire Homes will make several contributions to the local area under the S106 agreement, totalling €2.32m. This will include sports pitches, a MUGA (Multi Use Games Area), LEAP (local equipment area for play), LAPS (local area for play) and open space. The 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. It is also an important strategic milestone for Devonshire Homes as the 30-year-old residential home developer drives its ambitious five-year growth plan forward.
