Plans announced for largest housing scheme in a decade

Property development firm Fraser Houses has unveiled plans to develop over 1,000 new homes in Newtownards in a £200m-plus scheme said to the be the largest in the province in 10 years.
By The Newsroom
Published 11th Apr 2016, 20:32 BST
Updated 11th Apr 2016, 20:37 BST
The Rivenwood site off the Movilla Road in NewtownardsThe Rivenwood site off the Movilla Road in Newtownards
The Rivenwood site off the Movilla Road in Newtownards

The Rivenwood site will feature bungalows, semi-detached and detached homes is expected to create significant employment in the construction, building supply trades and professional services sectors.

Fraser Houses is one of Northern Ireland’s most recognised and established house builders having already built over 5,000 homes across the province.

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Construction will commence in early summer with the first sales release in May 2016. It is expected that the first houses will be completed and ready for occupation in December 2016.

“We’re delighted to be making such a significant investment in the Northern Ireland housing market,” said director Alan Fraser.

“Demand for property in Northern Ireland is increasing and confidence in the market is on the rise.

“Rivenwood will not only bring a range of unique and stylish homes to a desirable location in North Down, it will create an estimated 500 jobs and support a wide range of local industry related companies.

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“The houses are designed to appeal to all demographics, whether first time buyers, families, retired couples – there’s a range of homes to suit all tastes and requirements. The New England style has a fresh new look and adds a touch of class to these homes which are in an ideal location only minutes from Newtownards town centre, yet on the edge of open countryside.”

The homes will be situated on a 107 acre site to the Eastern side of Newtownards, bounded by the Movilla Road and Donaghadee Road and with prices starting at £135,000. Simon Brien, of Simon Brien Residential, who has been named the sole estate agent for the properties, expects interest to be high:

“Confidence in the housing market across Northern Ireland is increasing, with North Down and Ards in particular experiencing an exceptionally buoyant performance with an increase of 7% in house prices throughout 2015, with demand outstripping supply.

“A home at Rivenwood will represent an excellent investment for the future and we would be most confident of exceptional demand for the upcoming first phase release.”

Related topics:Northern Ireland