Housebuilder unveils £34m deal to deliver 133 affordable homes
Vistry Group has sealed a £34m agreement to deliver 133 affordable family homes in Rushden in partnership with Platform Housing Group.
The site, previously owned by Co-op and marketed by Savills East Midlands development team, has secured planning permission, with construction to start in the summer of 2024.
A range of one-, two-, three- and four-bedroom houses and maisonettes, featuring air source heat pumps will be included in project.
Under a Section 106 agreement the development will bring over £700,000 of investment in services to benefit the community.
Andy Reynolds, managing director of Vistry South East Midlands, said: “We are thrilled to be working with Platform Housing Group on this 100% affordable development which will not only meet the housing needs of the community but create beautiful green spaces which blend with the local environment.
“We’re excited to be a part of Northampton’s growth and to be entrusted with the build of these much-needed new homes which will contribute to the unique character of the area as well as releasing over £700,000 of investment in local services to create a thriving and sustainable community.”
Ann Taylor, director at Savills, acting on behalf of Co-op, said: “We are delighted to see this site complete and come forward for development. The land has been vacant for a long time, therefore the new homes, the significant S106 contributions into the wider community, and the associated new jobs are all a welcome benefit of development. It is exciting to finally see this scheme become a reality.”
