Nearly eight acres of prime residential land with detailed planning consent for 73 new homes, in the village of Killinghall, between Harrogate and Ripon, has been sold to a prominent local housing association — Yorkshire Housing.
The social housing provider was keen to secure the site to ensure the delivery of much needed affordable homes in Killinghall. Leading property firm, Adair Paxton, negotiated the sale, acting for Woodhead Investment & Development Services, a well-known family-owned Wakefield business with interests in residential, commercial and agricultural property across the North of England. The private owner of part of the site was represented by Robert Hurst of Fisher Germans’ Newark office.
Adair Paxton’s Land & Development Director, Bruce Collinson, said: “We’ve been working on this development site for five years, which has involved maximising its value by securing planning consent and going to the open market, and it’s very rewarding to get the deal over the line.
“It’s a cracking Greenfield site, which attracted tremendous interest from several major housebuilders, but it was Yorkshire Housing that successfully outbid them and secured the deal. The relatively low density of the proposed homes, which Harrogate Planners had requested, made it an ideal choice for Yorkshire Housing.”
Yorkshire Housing was advised by Kester Horn of Space Partnerships, Deborah Finan from LCF Law’s Bradford office acted for the vendors, and Ian Errington of Blacks Solicitors and Richard Stirk of Bevan Brittan LLP acted for the buyers.
Bruce added: “The sale was achieved through a competitive bid basis, with Yorkshire Housing offering the best value to our clients, both maximising value and achieving short-term delivery. Work on the 73 new homes has already started on site, with the first homes ready later this year.”