Planning permission has been granted for the construction of 116 new homes in the Parkside area of Seaham.
The development, in Heathway, is being delivered by the Durham Villages Regeneration Company (DVRC), working in partnership with County Durham Housing Group. DVRC is a joint venture initiative between Durham County Council and Keepmoat Homes, which has a successful 15-year track record of building new homes for sale and rent on council owned land.
To date it has invested more than £150M to create over 1,300 homes – around a quarter of which are for shared ownership or affordable rent. A unique profit sharing agreement has also raised many millions for local authority initiatives and services.
The Heathway initiative will be constructed on a formerly underused site owned by Durham County Council and a small parcel of land owned by County Durham Housing Group. It will provide 105 two, three and four bedroomed homes for market value sale with three more discounted by 30% for qualifying local buyers.
A further eight homes will be available for affordable rent with County Durham Housing Group, which will complement the group’s plans for 48 further homes on an adjoining site.
The Heathway initiative represents an investment by DVRC of around £16M and it is hoped that all the legal transfers can be completed in time to allow construction to begin on site this autumn.
Cllr Carl Marshall, Chair of DVRC, said: “This is the partnership’s first development in Seaham and it demonstrates our commitment to delivering a range of housing schemes with a focus on regenerating local communities. The 116 homes at Heathway extends the partnership between the County Council and Keepmoat and will provide further investment and jobs throughout the construction period.”
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