Investment News | 21 October 2020
Nightingale Quarter takes shape
A milestone moment has been reached at the historic Nightingale Quarter site in Derby with the final piece being added on the first five houses.
The £150m build in the heart of Derby has become one step closer to fruition. Developers, Wavensmere Homes, reveals they are close to the first phase selling out of the 125 two- and three-bedroom homes, which has been helped massively due to incentives such as Help to Buy, incredible mortgage rates and the Government’s Stamp Duty Break for all properties under £500,000.
James Dickens, managing director for the company, also revealed the tarmac for the road around the site is also being laid, and the site is beginning to take shape. He said: “It's really a positive sign when you see a development start to reach vital stages of the build, and equally it’s a great sign for people who are buying the very first homes there, that they are one step closer to their moving date. From a customer’s perspective the tarmac being laid is a crucial stage to see how the homes sit on a site it really does come to life.
“Our estate agents, Ashley Adams, have been inundated with enquiries over the past few weeks as prospective buyers can now start to see the form of the homes take shape, and also realising how great a site it is in terms of accessibility to major industry throughout the Midlands.”
The second phase is expected to be released later this year, while the remainder of the 800 homes are due to be completed within the next five years.
The cost of a two-bed property at the site starts at £191,000 and for a three-bed property, is £220,000.
The 18-acre site will offer a ‘green oasis’ for residents, including cycle routes, an open-air gym and fitness area, children’s play areas and planting throughout the site.
The infirmary’s iconic pepper pot buildings will be retained for community use, with residents having access to numerous facilities including a café, gym, exhibition space and meeting rooms.
