Stonedale Developments

Tony Cullen
Fund Manager

"This is an exciting time for everyone involved with Meadow View. Bringing new jobs and opportunities to the Allendale area is something we’ve wanted to do for a long time. Without the investment from the North East Property Fund, we wouldn’t have been able to complete this development."

Terry Sparke, Director, Stonedale Developments 

Allendale-based Stonedale Developments is building six new luxury homes after receiving a seven-figure investment managed by FW Capital from the North East Property Fund (NEPF). This has helped to create five jobs locally including stonemasons and an apprentice.

Funded by the North East Local Enterprise Partnership (LEP), the investment is supporting the completion of the Meadow View project alongside partial investment provided by Stonedale Developments. Construction work is well underway at Meadow View using locally based tradesmen. Plans to occupy the first two properties is expected in July.

The stunning stone-built homes have attracted much interest, with all six properties under offer following their release to market. Located on Splitty Lane, Catton, Hexham the site consists of two bungalows with three/ four bedrooms, two four-bedroom detached homes and two five bedroom detached homes.  Each home boasts eco-friendly underfloor heating using air-source heat pumps  and solar panels which will help to reduce energy bills.