Sunderland-based housing developer, Gentoo Homes, reports another strong year of sales across the North East region, but it never forgets its roots are in Sunderland.
Gentoo Homes, the housing development division of Gentoo Group, recently reported another strong year of house sales as part of its region wide development programme, with the developer reporting the sale of 170 homes in 2017/18.
Its success over the past year is down to significant popularity in its well-located developments, both in Sunderland and right across the North East, from Wylam in the North, down to Guisborough in the South of the region.
Gentoo has long been known for providing affordable housing in Sunderland ever since it was formed in 2001. Over the years it has strengthened its house building division, largely as a result of the multi-million pound regeneration programme it has carried out in Sunderland, completely changing the face of many neighbourhoods along the way.
Gentoo Homes has delivered 2,168 much needed new homes in Sunderland, with 1,589 homes built for rent and 579 made available for outright sale. Not to mention an additional 604 new homes which are either under construction or with planning permission.
It’s this experience of building such a large number of new homes which has allowed for the expansion of its house building outside of Sunderland, with homes being built throughout the whole of the North East.
This year Gentoo Homes is expected to make more than £4 million profit from its house sales across the region, all of which will be reinvested back into Gentoo’s housing service in Sunderland, which is a direct benefit for its customers, as well as allowing new affordable homes to be provided for Sunderland residents.
Anthony Lowther, Managing Director of Gentoo Homes, commented: “We’re building a large number of homes every year, with a proportion of these outside of Sunderland, ranging from starter homes to support middle market homes.
“The profit we generate from building such homes is then reinvested back into the Group’s core business activities in Sunderland.”
The developer is launching three exciting new developments this spring, with new homes being built at Highfield Manor and Orchard Quarter in Washington, as well as Bramblewood in Hetton-le-Hole.
If you’re interested in buying your dream Gentoo home in Sunderland, make sure you check out gentoohomes.com for all of the relevant information on existing and upcoming developments.