Working with House Crowd Developments, contractor CPUK has started work on a 54-home development in Lees village, around two miles outside of Oldham.
Fox Owl Rise includes 45 houses and nine apartments, and has been funded via The House Crowd’s peer-to-peer lending platform, rather than bank finance. The housing mix is split between 38 three-bed and seven four-bed houses, while the apartments are all two-beds.
The development sits on the site of the former Bank Top cotton mill and has been designed by architect HNA. Work has already started on site, and CPUK is set to deliver the scheme in phases with full completion set for spring 2020.
Emma Lakin, head of sales at House Crowd Developments, said: “It’s great to bring a range of high-specification homes to such a vibrant property market.
“There is a wealth of ongoing plans to revitalise Oldham town centre and the suburban location, surrounded by Saddleworth Moors and the Pennines, is very desirable.
“We’ve developed a range of high specification properties to appeal to a variety of house-buyers including families, first-time buyers and downsizers.”