Luxury housing development commences following £3.6 million funding

Specialist lender Together has approved a £3.6 million funding facility for housing development in South Yorkshire. Walshaw Homes will construct 22 high-quality homes on a plot of land on the site of a demolished social club in Main Street, Hackenthorpe.

Becky Hall, Head of Origination at Together, said: “We agreed to provide the funding after seeing the potential of the location and having been really impressed with the vision of Walshaw Homes and its Managing Director, Joel Richards.”

“I already had a strong business relationship with the developer, having worked with them in the past, so it’s great to help Joel and the team realise their ambitions for this latest scheme as it begins to take shape - it will bring quality housing to meet the needs of Sheffield’s growing population.”

What to expect from the luxury development

In November last year, planning permission for the housing scheme was granted. Construction work started in June and is expected to be complete by August 2023.

The homes will be priced between £225,000 and £350,000. The houses have already received “significant” interest from off-plan buyers. Once complete, the three- and four-bedroom luxury houses will be targeted towards families.

Walshaw Homes Managing Director Joel Richards said: “Construction is now well underway, with foundations in place for five of the plots, and there has been a huge amount of local interest.”

“These new, modern two and three storey homes will be ideal for couples and young families and are next door to local shops with other amenities such as the Crystal Peaks shopping centre and the Rother Valley Country Park just on the doorstep.”

He added: “It’s fantastic that Together has agreed to support us. It’s particularly beneficial to have a lender on board which really understands the needs of developers like us and is willing to help turn our exciting vision into a reality.

“The finance was arranged very quickly – from initial contact to receiving the funds took between four and five weeks, with everyone pulling together to get the deal done.”