Gleeson to build 87 properties

Gleeson Homes has launched a housing development in County Durham, which will create 87 properties.

Prices range from £120,995 for a three-bedroom home.

The government backed Help to Buy: Equity Loan scheme, which is available on the developments, means that many of the homes cost less than local rent levels, according to Gleeson Homes.

Further homes will be released for sale throughout 2021, with the first homeowners expected to move in this spring.

In addition, throughout the duration of the build, Gleeson will be creating many employment opportunities for local people and sub-contractors in the area and will be contributing a total £87,000 towards nearby public open spaces, helping to build communities and opportunities for local people.

Ed Alder, operations director at Gleeson, said: “We are delighted to be bringing these much-needed new homes to County Durham, an area where we have seen great success providing our traditionally built, affordable homes.

“At the heart of the community, our new homes at Greencroft View will serve local people, including young, first time buyers and low to mid income families, giving young people the opportunity to make their first steps onto the property ladder.

“Gleeson builds homes that are genuinely affordable, providing customers with the opportunity for wealth creation through home ownership. 86% of our customers are first time buyers, with three out of four of all buyers being under the age of 35.”

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