Construction work on a new housing development in Seaham is to finish a year earlier than planned due to the huge demand for properties at the site.
Bellway is building 75 new homes at Byron Heights, off Dalton Heights Road.
The housebuilder was due to finish work on the development, which includes a mix of three and four-bedroom houses, in 2022.
However, following a surge in sales at the site, the expected completion date has been brought forward by a year.
Since the development launched in October, almost a third of plots at Byron Heights have been bought off-plan, with 20 of the 28 properties being sold to buyers already living in the town.
Christine Craggs, Senior Negotiator at Dowen’s Estate Agents in Seaham, which works closely with Bellway, said: “The property market in Seaham is strong right now. It is possible to buy a house here for anything between £20,000 and £500,000, so if the homes are priced right, you will always get a good response from customers. I think that’s what Bellway has done well at Byron Heights.
“One of the reasons that Byron Heights has been so popular is its location. The development is built in an area that is close to amenities like the Byron Place Shopping Centre and a beach which is only a couple of miles away.”
Oliver Wray, Sales Manager for Bellway Durham, said: “The rate at which homes have been selling at Byron Heights has been absolutely incredible. In fact, the homes are being bought quicker then we can build them.
“The high level of interest that we have seen in the homes at the development underlines just how strong the property market is in Seaham at present. The fact that we are seeing so many local buyers also demonstrates that there is huge demand from people who already live in the town who want to stay in the area.”
Buyers at Byron Heights can take advantage of one of a range of schemes to help them get onto or move up the property ladder.
Help to Buy enables purchasers to secure a new build home worth up to £600,000 with just a five per cent deposit and 75 per cent mortgage. The remaining 20 per cent is provided as an equity loan, which is interest-free for the first five years.
Under Bellway’s Express Mover scheme, the housebuilder will work with a recommended local agent to market the customer’s home. The customer agrees the selling price on the property and Bellway will chase the agent on a regular basis to encourage them to find a buyer as quickly as possible, as well as paying the estate agent fee.
A selection of three-bedroom homes are currently available at Byron Heights, with prices starting from £167,495. A range of four-bedroom homes will also be released for sale soon.