Miles Joyce of Joyce Developments with David Pesarra of FW Capital.
Miles Joyce of Joyce Developments with David Pesarra of FW Capital.
Jane Imrie

New homes to be built in Tyne Valley countryside following six-figure investment

A duo of new homes is set to be built in a North East rural spot thanks to six-figure funding.

Developer Joyce Developments is set to create two new properties in West Dilston following a £600k investment by FW Capital, which manages the North East Property Fund.

Situated two miles from the historic village of Corbridge and three miles from the market town of Hexham, the two properties will sit opposite a three-unit scheme completed by the developer in 2017.

FW Capital investment executive, David Pesarra, said: “We are delighted to support Joyce Developments to build these stunning and much sought-after new homes in one of the most beautiful parts of Northumberland.

“Not only is the development creating jobs for local tradespeople, but it is also providing high-quality new housing.”

Miles Joyce of Joyce Developments commented: “These four-bedroom properties have already seen exceptional off-plan interest given their ideal location within the sought-after Tyne Valley, with its natural beauty and close links to transport hubs and major North East destinations.

“We are grateful to FW Capital and the North East Property Fund for all of their support with this project.”

Andrew Moffat CBE, chair of the Investment Board at the North East LEP, added: “The North East Property Fund plays an important role in stimulating housebuilding, which is critical for economic growth and it’s great to see this latest investment into Joyce Developments.

“Hopefully this will encourage new interest from other parties who have small-scale property schemes needing finance.”

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