Housebuilder Honey has submitted plans and exchanged contracts on a 12.3-acre site in Witham St Hughs, Lincolnshire, to deliver a £45m, 170-home development.
The proposed site, which will be called Nova, is located off Warren Lane and is a short drive from the A46.
Subject to planning, the development will comprise a mix of two-, three- and four-bedroom homes and feature 17 of Honey’s different house types. Of the 170 homes, 28 have been allocated as affordable housing.
The proposed site in Witham St Hughs will form part of the Central Lincolnshire Local Plan which looks to ensure that all new homes are well-designed and in appropriate locations to benefit the needs of the community.
If given the go ahead by North Kesteven District Council, work at the development is anticipated to start in early 2025 with the first residents expected to move in by the end of next year.
Since being launched in October 2022, Honey has secured 19 sites across Yorkshire and the East Midlands that will deliver 2,349 homes and a combined gross development value of £665m.
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, said: “Our thorough market research identified Witham St Hughs as a popular residential location for us to build in and expand our development footprint in the East Midlands.
“We are seeing strong demand for high-specification homes from prospective buyers living in and looking to move to the local area. Our thoughtfully designed homes, which combine style, substance and sustainability will satisfy this.
“Now that we have exchanged contracts and submitted plans for our Nova development, we look forward to North Kesteven District Council considering our proposal.”
