Perth Housebuilder on the Move as Property Demand Grows
A Perth housebuilding firm is confident that the buoyant local property market will support its plans to build almost 900 homes in the next six to eight years, alongside a new Head Office.
A&J Stephen, founded in 1935, is awaiting planning consent for the next 217 houses at Mansfield Park, Scone, with hopes to secure consent in the Autumn and start construction in early 2024.
Around 60 homes are already complete and occupied at the popular site, with over 600 still to be built. The firm recently released nine properties for sale, more than half of which were snapped up within just 24 hours.
Meanwhile, an application has been submitted to Angus Council for the first stage of a new development in Brechin, which will see 270 homes built. Subject to planning consent, construction should commence in 2024.
John Stephen, Managing Director, commented, “The local property market is remarkably buoyant right now. Like the rest of Scotland, demand is still outstripping supply in Perth and Perthshire. People are continuing to move despite the external factors affecting wider society, from soaring interest rates to the everyday cost of living increase, and there’s still a huge demand for high-quality new builds. We are very much looking forward to progressing with Scone and Brechin to meet some of that demand in both Perthshire and Angus.”
Meanwhile, the company is seeking consent to build a new energy-efficient head office to the rear of its existing premises on Edinburgh Road, Perth.
Subject to consent, the new 2,600 square foot office, representing an investment of almost £0.5M, should officially open next year.
For more information about Stephen’s developments, visit www.stephen.co.uk or telephone the Sales office on (01738) 620721.