Housebuilder Honey will build 125 new homes in Eastwood after being granted planning permission for a £41m development on the site of bike manufacturer Raleigh’s former headquarters.
Located off Church Street and called Raleigh in recognition of the site’s heritage, the development will comprise a mix of two-, three-, and four-bedroom homes and include terraces, semi-detached, and detached properties.
Raleigh will feature 16 of Honey’s house type designs, with prices at the development starting from £269,995 for a two-bedroom semi-detached Avocado house type.
Honey says its house types have all been specifically designed to combine “style, substance and sustainability” for the benefit of buyers.
Of the 125 homes, 10 per cent have been designated to affordable housing. Honey has also committed to contributions of more than £1m towards the development of education, healthcare, and bus services in the local community.
Work at Raleigh is scheduled to start this month, with the first homes expected to be released for sale in January. Honey anticipates that the first residents will move into their new homes in summer 2026.
Since being launched in October 2022, Sheffield- and Leeds-based Honey has secured 24 sites that will deliver 3,163 homes with a combined gross development value of £917m.
The housebuilder is backed by private equity firm Alchemy Partners and its Alchemy Special Opportunities Fund IV, which has £937m of fully committed capital.
Honey chief executive officer, Mark Mitchell, commented: “Raleigh is a fantastic addition to our growing development footprint across the East Midlands.
“Our development will once again turn the site into a vibrant part of town and give local buyers the opportunity to own one of our thoughtfully designed homes.
“Raleigh will meet the strong demand for high-specification new homes in Eastwood, and we have already seen a positive response since first announcing our plans for the site.
“With planning now granted, we’re excited to start work and deliver new homes which combine style, substance, and sustainability for buyers looking to move in or to Eastwood.”
Honey has analysed consumer insights and trends to inform its house type designs to ensure they meet the needs and wants of today’s new home buyers, including the flexible use of all living spaces.
Standard features in every Honey home include bi-fold doors; individually designed, fully integrated kitchens; and boutique-style bathrooms with a signature free-standing bath and full-height tiling. All properties have an electric vehicle charging point.
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