The site benefits from detailed planning consent for 227 homes, granted by South Kesteven District Council, and enabling works have already been undertaken by the former landowner, Anderson Group.
The deal between Ilke Homes and Anderson Group was brokered by CBRE acting as agent, and will help unlock the site and deliver family housing in the area.
All of the homes will be manufactured offsite at Ilke Homes’ 250,000 sq ft factory in Knaresborough, north Yorkshire, before being delivered to Dysart Road.
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“We’re delighted to have secured a deal with the Anderson Group and to have worked on our first deal with CBRE,” said Tom Heathcote, executive director of development at Ilke Homes.
“Thanks to our modular housing technology, we will be able to deliver 227 much-needed sustainable homes for the local community in just over two years.”
Will Blacker, associate director at CBRE, added: “It has been great to work with the team at Ilke homes, which is bringing forward much needed housing to the region during a time when there is a shortage of immediate and deliverable land.
“I am excited at the prospect of this site coming forward so quickly through the use of modular off-site construction methods.
“This site provides a great opportunity to create a sizeable, well-connected community.”