Off-plan, on time in Loscoe

13 September 2004

Work has now begun on one of Amber Valley’s up and coming areas following council approval for the development of seven new-build properties.

As a rapidly emerging area, Loscoe seems a likely place for investors considering making an off-plan purchase. The development, which features seven four-bedroom houses over a 0.6 acre site at Lake Gardens, Lake Avenue, Loscoe, has been designed with an eye to the comfort and convenience required by most local families and professionals.

The houses follow Fairgrove Homes’ Harwood, Bransdale, Barnby & Richmond designs, which have been well received throughout the region, making them an attractive investment opportunity. “In a time of rapid house price rises in the region, more investors are considering the advantages of an off-plan investment,” says Steve Midgley, Managing Director of Fairgrove Homes. “Here, investors get the chance to purchase a well-made house at a lower price, and once a development is completed, they can often capitalise on the growth in house prices. As a long-term investment, the benefits of off-plan buying outweigh the risks, and we expect some of our customers will take this option.

“Work is going well and we are still on schedule for potential buyers to move into their new homes at the beginning of next year. The development is designed to be a quiet non-estate location, which should appeal to many local people looking to invest in the area.”

About Fairgrove Homes
Fairgrove Homes is a locally owned business that prides itself on building individual homes of character. The company combines quality with small developments in desirable locations to meet customers’ needs. Fairgrove Homes’ current development sites include:

• Dobson’s Mill in Sutton in Ashfield, Nottinghamshire
• Olders Valley, Woodville, and Old School Woods, Shipley Park, Derbyshire
• The Old Bull Farm, Sutton Bonington, Nottinghamshire.

Further new developments are situated at The Bruntings, Eakring Road, Mansfield, and Orton Fields, Bramcote, Nottinghamshire, as well as Loscoe, Derbyshire.

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