Barratt confirms new 85-home development

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HAMPSHIRE-based housebuilder Barratt has announced it will start work on 85 new homes in Portsmouth next month.

The company said King Richard Place in Paulsgrove will be a contemporary development of two, three and four-bedroom homes with prices starting from around £140,000.

‘Interest in these new homes has been tremendous,’ said Barratt sales director Sarah Eales.

‘We know the location close to Portchester and the development’s easy access to the M27 have been particularly popular with potential buyers and we are expecting demand to be high.’

Barratt is also looking to build 35 new homes in Hedge End and 29 in Dorset in the next 12 months.

Confirmation of the plans follows an increase in property sales to £109 million across the region with legal completions on 633 homes in the last 12 months to June.

Mrs Eales said: ‘Buyer confidence is steadily improving and we’re seeing encouraging demand for our homes. The fact that we are starting new developments is also good news for local sub-contractors and the supply chain.’