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Richborough Estates completes sale of Matlock site to local housebuilder

Leading land promotion agency, Richborough Estates, has completed the sale of a picturesque 17 acre development site with views out to Riber Castle near Matlock in Derbyshire to HBF 5 star housebuilder, William Davis Homes.

Richborough Estates had already secured planning consent for the delivery of up to 110 homes on the site. However, responding to changes in market demand for a greater number of family homes William Davis Homes secured reserved matters planning consent for 86 homes.

The site, which abuts the Matlock Bank Conservation Area, has been masterplanned in a sympathetic manner to respect Bailey’s Tump, the historic and locally significant remains of a World War Two fortified air defence site.

The dry stone walls that enclose the site will be protected and more than 50% of the land available will be utilised as public open space.  

Steve Louth, Director at Richborough Estates, said: “William Davis Homes is a widely known and very well respected housebuilder in the Midlands. The quality of their homes is outstanding as demonstrated at the nearby Morledge site, and to our minds they are the perfect company to deliver high quality housing in keeping with the character of the town.

“It was important for us to ensure that the plans for this site retain a significant quantum of open space for use by new and existing residents and we feel confident that this development will be a great addition to Matlock and provide much needed homes to the region.”

A privately-owned construction company, William Davis Homes has been delivering homes in the Midlands for more than 80 years, with recent completed developments in Smalley, Burton-upon-Trent and Matlock alongside those ongoing across Leicestershire, Rugby and Droitwich.

Peter Waterfield, land manager at William Davis Homes, said: “The site acquired by Richborough is in a prime location and will include a complete range of family homes for the people of Matlock and the surrounding area. We’re confident it will become a first-class development.”

The site, which has a land value in the region of £4 million, was promoted by Richborough Estates on behalf of the Presentation Sisters Trustees, an order of nuns whose convent is situated adjacent to the development plot.

Funds from the land sale will go towards the upkeep of the convent building and enable the Sisters to continue their charitable activities across the country.

A picturesque market town on the south eastern edge of the Peak District, Matlock is nine miles from Chesterfield and 18 miles from Derby. The site off Asker Lane is well served by a number of bus routes and is in close proximity to the A6 which runs along the western edge of Matlock and provides access to the wider national motorway network.

Work is expected to commence on site later this month.

For more information, visit www.richboroughestates.co.uk.

20 June 2017