Richborough Estates has sold 34 acres of residential development land in Derby to housebuilder Bloor Homes for £11.9m.
The plot, to the west of Mickleover on the edge of the city, has outline planning in place for 252 homes in a mix of styles.
The site was bought by Richborough Estates in 2014 and was subsequently allocated for residential development by South Derbyshire District Council in 2015 as part of a large urban extension.
Steve Louth of Richborough Estates said: “The fact that we have been able to dispose of this site with outline planning in place, less than three years after acquisition underlines the key role that land promoters play in helping to address housing need by delivering commercially viable planning consents to market quickly.”
Fisher German advised the vendor.
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