Joe Billingham

Prosperity Group enters residential homes market

Prosperity Group, a Midlands-based company which specialises in building and selling BTL homes for global investors, has expanded into the residential homes market with the launch of a new division.

Prosperity Homes will focus on developing affordable homes for owner-occupiers.

It launched its first housing development in January, a 300-home project that will be built on a 30-acre site in Downham Market, West Norfolk, after acquiring the land for an undisclosed sum from Koto Limited.

The residential scheme has been granted outline planning, and will comprise a mix of one-bed maisonettes, and two-, three- and four-bedroom family homes, 60 of which will be affordable homes. 

A reserved-matters application has now been submitted.

Joe Billingham, CEO at Prosperity Group (pictured above), said: “Our group ethos is centred on a commitment to providing high quality properties, and we’ve developed a solid reputation for bringing profitable pre-built and off-plan property investments to market.
“Now we’re pleased to be able to offer this to both the investor and owner-occupier markets through Prosperity Homes. 

“This is a welcome addition to the developments team, which has built and delivered more than 3,000 homes across the UK since 2007, and to our sales arm, Prosperity Wealth, which comprises industry experts who build wealth for clients via secure, high-yielding BTL property.
“The launch of Prosperity Homes is an exciting new chapter for our business and will enable us to build and deliver attractive homes for modern day living. 

“We are committed to developing on high-quality sites that are located in areas with good amenities, schooling, transport links, recreation and leisure venues.”

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