Taggart Homes to grow from 250 to 1000 homes per year by 2020: VIDEO REPORT

The new generation Taggart Homes has unveiled plans to increase its annual high-spec house building programme across the UK and Ireland from 250 to 1000 by 2020.

The news follows the release of the first phase of its new Barleyfields development in Culmore, Derry which, together with a similar scheme underway at Crescent Link in the city represents a £50m investment in two strategically located sites straddling either side of the River Foyle. The two schemes will deliver 530 new homes in the North West over the next three years.

The new division of Taggarts was reformed under the new management of Nick Taggart, with its previous management team still in place.

The first phase of the 30-acre Barleyfields site – which was officially released last weekend – comprises 70 homes from overall proposed complement of 280.  According to the developers the homes are characterised by a ‘top quality finish more often found in larger, more expensive properties’.

Taggart Homes is further building 250 new high-end homes at Oak Country Manor on a 35-acre site in the city’s Waterside close to Crescent Link.

Together the projects will create 350 jobs, with local businesses poised to share from the investment.  In the past week Taggart has confirmed deals worth £1m with TBF Thompson of Garvagh and David Forgie, of Limavady for plant machinery.

The Taggart schemes offer discerning buyers more than 30 different house types ranging from £144,000 to £425,000.  The homes are being constructed using traditional concrete construction methods, complemented with comprehensive North American-style landscaping and garden railings.

Taggart has recently invested around £200,000 and created ten new jobs within an industry-first 6,000 sq ft marketing suite at Crescent Link – akin to a high-end car showroom – where prospective buyers can choose from a wide range of fixtures and fittings through to bespoke mortgage advice.

It is understood that both Derry schemes mark the last of permitted housing developments, for some time, under current planning legislation, in an area suffering “pent-up” demand for new homes. That need is evidenced by the unprecedented level of enquiries Taggart has received about the Culmore scheme.

The news comes on the back of figures which revealed house prices in Derry and Strabane shot up by 11% in the last year, the fastest rate of growth in all of Northern Ireland.

Under the direction of Nick Taggart, Taggart Homes seeks to deliver high-quality, premium properties, with a level of specification that sets them apart from other new developments.

Nick Taggart, Company Director, Taggart Homes, said: “With so many reports about a dearth of new homes throughout the UK and Ireland, the release of this premium development in the Culmore area couldn’t come at a better time.

“We’ve had unbelievable feedback from prospective homeowners and those from neighbouring developments – to say this Phase One release is eagerly anticipated is an understatement – we’ve had over 2000 enquiries already.

“We believe we have found a real niche in the North West for high quality, value for money homes that are delivering a real boost for the local community in terms of employment and social impact.

“From creating hundreds of local jobs to buying from local suppliers, we’re pleased to play such a role in the regeneration of the entire North West region.”

Taggart’s confidence to increase its build programme throughout the UK and Ireland has been fuelled both by the interest levels in the Derry schemes and the success its first development at Plantation View, Limavady where just three homes from 82 are available.

For more information on Taggart Homes and its portfolio of new-build schemes log on to www.taggarthomes.com

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