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Plans Submitted for 385 New Coleraine Homes

Plans have been submitted for a development outside Coleraine.

If successful, it would see 385 new properties built, most of them three and four bedrooms homes along with some new apartments.

The proposed development site is near Knockbraken Drive and Newbridge Road, close to Avonbrook Gardens North. The application was made by local architect GM Design Associates in tandem with a couple named McGrath, who live in the area and apparently own the land on which the new residences will be built.

GM Design Associates has a portfolio that includes such high-profile projects as Antrim’s Junction One, Coleraine campus at Ulster University, and a number of other major residential developments.

Plans were initially advanced for a similar housing scheme in 2013. They were approved, but work never began and permission has since lapsed.

In addition to residences of varying size and style, the application includes footpaths, landscaping, access roads, and a large public space.

It is the most recent major housing scheme to go through the planning process in recent months.

Last May it was confirmed that plans were in progress for a £100m development that would see 800 new homes built in Derry. This project will be one of the biggest private residential investments to appear in the north west since the property market crashed.

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That major project by South Bank Square Ltd, which is based in Maghera, proposes the construction of a development at Ballyoan, near Clooney Road and Crescent Link.

In the meantime, Fraser Houses in Carryduff is hoping to build 1,000 homes in Newtownards, off Movilla Road.

The Rivenwood project, which is expected to take 10 to 12 years to finish, will create an estimated 500 jobs.

These homes, which will sit on 107 acres of land east of the Co Down town, will range in value from £132,000 to £192,000.

Lagan Homes has confirmed that it intends to build 550 family homes in a £90m development covering two locations in Bangor.

The first phase of a new 12-storey residential building in Belfast city centre sold out in a mere 10 hours.

The Coleraine plan arrives at a time when the average cost of a home in Northern Ireland reached £118,000, up from £117,500 in the first three months of 2016.

The entire UK housing market experienced a price increase of over eight percent in the previous year.

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