Harworth agrees £39m of serviced land sales at Waverley and Thoresby Vale to Barratt and David Wilson Homes

Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, announces two residential land parcel sales for £39m.

At Waverley in South Yorkshire, Harworth’s largest ever land sale will see the delivery of c.450 homes, of which over 30% will be affordable. The new homes represent Barratt and David Wilson Homes’ fifth phase at the site and will be situated adjacent to both Highwall Park and the Waverley Lake in an area of the development known as Waverley Waterfront.

Construction will follow a bespoke design code, devised by Harworth and Barratt and David Wilson Homes, to complement the existing Waverley development while maximising the amenity value of the area’s waterfront location. The development will include a pedestrianised promenade, enhancing the site’s placemaking and connectivity.

At Thoresby Vale in Nottinghamshire, Harworth has exchanged on the sale of serviced land capable of delivering 174 homes, for £10m. This represents the second phase of the Thoresby Vale development, following the sale of two land parcels at the site to Harron Homes and Barratt and David Wilson Homes in 2019 and 2020 respectively.

Alongside the new homes, Barratt and David Wilson Homes will provide a new surface water attenuation pond, and a multi-use path to enhance connectivity and link to the site’s planned primary school and local centre. The sales conclude an active first half for Harworth, during which it also launched its first single family Build to Rent portfolio.

Andrew Blackshaw, chief operating officer at Harworth, commented: “Harworth is particularly well-placed in volatile markets as our serviced land provides housebuilders with a product which is de-risked and ready to build on from day one.”

He added that these allow Harworth “to take advantage of the placemaking and levelling up that these schemes ultimately bring to these communities, saying: “These sales will enhance the maturation of these socially diverse neighbourhoods when delivered alongside our recently launched single family Build to Rent product, Project Spur”

Ed Catchpole, joint regional director for Yorkshire & Central at Harworth, added: “Both sites are also set to benefit from additional investment which will see the creation of new Build to Rent homes and local amenities.”

Mark Cotes, managing director at Barratt and David Wilson Homes, North Midlands, said: “We’re thrilled to have secured the land for an extension to our Thoresby Vale development and will look forward to another opportunity to meet the growing demand for housing in Nottinghamshire.

“Our growing community in Edwinstowe will continue to provide new jobs for local people and we’ll be making further ecological and financial investments as the development progresses.”