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MCR Homes has secured £18million of development finance to fund the development of over 90 starter homes in Bristol.
Construction of the Parkview housing project will begin this month after the facility was successfully arranged with development lender London Wall Lending this week. MCR’s own construction arm will carry out the work.
The mix of two and three-bed houses and duplexes will provide highly affordable first-stepper homes to young professionals, first-time buyers and families on the outskirts of Bristol.
A total of 27 properties will be affordable homes available under Shared Ownership.
The project will sit on a brownfield site within what was previously the Parkview university campus.
The site is situated on Whitchurch Lane, four miles south of the city centre, and boasts fantastic amenities and transport links including nearby Bristol International Airport and Hengrove Mounds Nature Reserve. The area has seen significant investment in recent years including offices, light industrial units, a healthcare centre, South Bristol Community Hospital, and a cinema.
MCR Homes, the residential sales division of MCR Property Group, expects the marketing of Parkview to launch in January 2022. The company’s own construction division will build out the scheme.
