A brownfield site in the Surrey village of Dunsfold is to be transformed into a high-specification private housing development, after Paragon Bank agreed a £6.97 million loan facility with SME housebuilder Antler Homes.

The Chiddingfold Road scheme will comprise 12 energy-efficient homes, including a mix of bungalows and family houses. The new development will feature four two-bedroom bungalows, alongside three, four and five-bedroom detached homes, designed to appeal to buyers looking for space, sustainability and a connection to the countryside.

The development is underpinned by a ‘fabric first’ approach to construction, with enhanced insulation and airtightness incorporated into each home to reduce energy demand.

All properties will also include air source heat pumps and electric vehicle charging points as standard.

Andrew Rinaldi, managing director of Antler Homes, said the project reflected the company’s commitment to quality and sustainability.

“This development represents everything Antler Homes stands for – thoughtful, bespoke design, highest quality construction and enhanced energy efficiency, all in an attractive and exclusive setting,” he said.

“We are pleased to again be working with Paragon Bank who have been a trusted partner in bringing this vision to life. We are proud to be delivering homes in such a beautiful rural location that not only complement their surroundings but meet the needs of modern families.”

Paragon Bank’s development finance team has played a key role in supporting residential projects across the South East, with recent deals including £12.8 million for the conversion of an office building into 72 apartments in Chertsey, and £30 million for a 90-home all-electric development in West Sussex.

Toby Burgess, relationship director at Paragon Bank, said: “With demand for well-built, sustainable homes continuing to outstrip supply across the South East, developments like this latest from Antler Homes, which contribute positively to the local community, are so important.

“At Paragon, we’re committed to supporting experienced housebuilders that understand their markets and consistently deliver the kind of housing the local region needs. Antler Homes is a great example of this – we’re thrilled to partner with the company on this latest development.”

Interiors in the Dunsfold scheme will include bespoke fitted kitchens, branded integrated appliances, fitted wardrobes and a full turnkey specification.