The housebuilder has bought a 6.2-acre acre site on Ribblesdale Avenue from Lancashire County Council paving the way for a 97-home scheme.
Close to Accrington Cricket Club, the development known as Ribblesdale Chase will comprise a mix of two-, three- and four-bedroom homes. A total of 50 will be marketed for private sale and the remaining 47 will be available for rent.
The rental properties will be managed by Sigma Capital under its Simple Life brand. Hyndburn Council granted planning consent for the scheme earlier this month.
Mark Hadfield, Countryside’s managing director of partnerships for Merseyside and Cheshire West, said: “By partnering with Sigma Capital, we will be able to bring this development forward at pace, offering two different tenure options.
“Ribblesdale Place will provide much-needed homes for Accrington as well as job opportunities and a positive, local economic impact.”
Contractors will be appointed over the coming weeks with a start on site anticipated before the end of the year, according to Countryside.
Ruth Jackson Planning is the planning consultant for the project and civil and structural consultancy Alan Johnson Partnership also advised on the application.