Duchy Homes has today announced its acquisition of land on the prestigious Wynyard Park in County Durham, making a bold statement of intent for the house builder’s future growth plans.
Contracted to purchase 167 units on the historic Wynyard country estate, it will be Duchy Homes’ largest site to-date and represents a significant milestone in Duchy Homes’ business plan as it moves towards becoming a medium-sized house builder with a more diverse portfolio of designs to suit a wider market.
Duchy Homes was founded in 2011 with the resolution to only ever build high-quality homes and focused on creating impressive 5-bedroom homes on small, exclusive developments in prestigious locations. From building just 5 houses in year one, the multi-award-winning house builder has successfully grown to have four divisions across the UK, building around 100 houses this year with a handpicked team of industry-leading talent that has more than doubled year-on-year in the last two consecutive years.
Duchy Homes’ success has allowed them to expand onto larger land prospects and they have embraced the growing demand for 3-bed and 4-bed family homes by adapting their business model. The new development at Wynyard Park will be the first to feature Duchy Homes’ brand-new house type range, which will introduce a wider variety of sizes and styles, whilst still retaining the design prestige and luxury specification for which they have become renowned.
Group Managing Director for Duchy Homes, John Barnes comments: “This is a new era for Duchy Homes and we are really excited to be entering this phase of our growth plan. The new house range will open the door for many more people to own a Duchy Home, with a continued focus on providing superior quality but to a much larger market audience. The new range will widen our portfolio to include superb 3-bed and 4-bed homes that will proudly sit alongside the larger 5-bed homes and will enable us to purchase more of these larger land projects like Wynyard Park.”
Set within idyllic woodland at the heart of the Tees Valley, Wynyard Park has created an aspirational living environment which promotes a fantastic quality of life and includes its own shops, school, healthcare, pub, cafes and transportation.
Chris Musgrave OBE, Chief Executive Officer at Wynyard Park added: “It is exciting to introduce Duchy Homes to our exclusive development. Their excellent house designs provide a superior quality and incorporate additional attention to detail. The environment that we have created at Wynyard Park provides a luxury setting to live in and these attributes perfectly complement the immaculate offering of our estate. We are looking forward to welcoming Duchy Homes on site as they enter into this project.”
Planning permission has now been submitted for Duchy Homes’ first phase of 67 plots at Wynyard Park and a sales launch is expected at Easter 2020.
For more information, please visit www.duchyhomes.co.uk/wynyard