Major funding awarded to Conroy Brook £10 million Denby Dale scheme
Award winning property developer Conroy Brook has been awarded major funding for its new £10 million development in the historic West Yorkshire village of Denby Dale.
The latest project from award winning property developer Conroy Brook is on track to become one of the company’s most successful developments to date.
Stocksmead is the company’s flagship development in the West Yorkshire village of Stocksmoor, near Holmfirth.
The site features ten large four/five bedroom family homes from £589,950 and two three bed semis with garages from £279,950, with the project set to reach its conclusion in the New Year.
And within days of the site’s show home launch, seven of the family homes had been reserved, with the first buyer now moving into their new home.
“We have been overwhelmed by the response to this development,” said Conroy Brook CEO Richard Conroy.
“With only three properties still available, our faith in this site has been completely justified.”
In addition, contracts have been exchanged with social housing developers QSH and Kirklees Neighbourhood Housing on seven affordable three bed cottages at Stocksmead, which will be rent to buy housing in the model of the previous and very successful intermediate housing delivered by Conroy Brook for the same parties at nearby Upperthong in 2016.
Under the innovative QSH rent-to-buy scheme, tenants pay rents which are affordable.
The tenant also has the opportunity to purchase the property between the first and fifth year of living in their new home, with half of the tenant’s rental payments put towards the deposit they need to secure a mortgage to buy their home - up to a maximum of 10 per cent.
Priority is also given to local first time buyers who have to meet a strict series of criteria.
Those who choose not to purchase during this time can continue renting their homes for a further 15 years.
“We have a genuine commitment to providing a full range of housing options for clients and we are extremely proud of the standard we are achieving with our affordable properties,” said Richard.
“As a West Yorkshire company we understand fully the urgent need to provide good quality homes for West Yorkshire people at a full range of prices.”
All the Stocksmead properties have been designed to complement the architecture of the local area, using traditional materials but given a 21st century twist to create a range of properties with the unique Conroy Brook contemporary feel.
The site follows the already highly acclaimed Conroy Brook Swaine Meadows development in Hoylandswaine and the Summerford development in the village of Ingbirchworth, the recent winner of the 11-20 homes New Housing Development prize in the prestigious Local Authority Building Control South Yorkshire and Humber Building Excellence Awards.