One of the UK’s leading independent housebuilders is targeting further growth in the North West of England, after a buoyant end to its 2016/17 financial year.
Stewart Milne Homes North West, which is headquartered in Manchester has seen strong demand for its developments across the region.
The award-winning housebuilder has seen the volume of new home completions at its North West-based developments double in the last 12 months, from 134 to 268 with a combined sales value of more than £60 million.
To cement this growth and meet demand, the company plans to grow the division to 500 units over the next three years. It is already eyeing an 11 per cent growth to over 300 units next financial year and has reported more than £20 million of forward sales reserved beyond the next quarter.
Stewart Milne Homes has invested heavily in the North West this year in order to meet its ambitious growth targets. This includes plans for five new developments over the next 12 months, resulting in the construction of 447 new homes.
North West Managing Director for Stewart Milne Homes, Paul Challinor, said:
“The North West is a key growth area for the company and we will continue to invest heavily in the region to cement these impressive sales figures.
“The figures reflect an increased market demand for our quality homes, and suggest that despite slowing nationally, the market is continuing to benefit from resilient consumer confidence.
“We have a strong product underpinned by quality, craftsmanship and very high design specifications – all of which have helped us to gain traction in the market and provide a strong platform for growth.
“Over the next 12 months we will work to increase our volume output through the acquisition of larger sites in prime residential locations. We will also drive forward our core Group values which focus on quality homes and a customer centric approach to building and selling homes.”
Stewart Milne Group was recently awarded five-star status by the industry, one of only five major housebuilders in the UK to achieve this accolade. The company’s continued commitment to customers, the creation of award winning developments, the design, detail and individuality of their homes and aftercare service saw it awarded five star status by the Home Builders Federation (HBF).
This prestigious independent industry accolade recognises companies who achieve over 90 per cent customer satisfaction ratings from customers who purchased a home in the last year.