Social enterprise Places for People has acquired land from Godwin Developments to build over 50 new units to deliver much needed affordable homes in Shepshed, near Loughborough.
As part of the enterprise’s long-term growth programme to deliver over 18,000 homes in the next five years the new site will see a range of two to four-bedroom homes available to move in from 2024 including options to buy through the Government backed Shared Ownership scheme, and affordable rent.
The site had existing outline planning consent and Godwin Developments obtained reserved matters approval from the council in Autumn 22. The development will help the local authority to meet its need for new high-quality affordable housing in the area.
Ideally located just 0.5miles away from the Shepshed centre and only 0.8miles away from Junction 23 of the M1 Merchants Way, not only does the site have great transport links for those commuting across the Midlands, but it sits within the heart of the local market town and offers close access to a range of amenities, giving residents the options to support local small businesses, as well as having easy access to a medical centre, post office and church. With four primary schools and three secondary schools the site is also ideal for families.
Each home will offer plenty of space and is thoughtfully designed to give homeowners flexibility to make their home their own. All properties are built to high energy-efficient standards, offering lower energy bills than second-hand homes.
Nilam Buchanan, Regional Director for Developments in Central and North of Places for People commented: “At Places for People, we know that thriving communities can change lives, which is why we’re committed to creating more new homes across the UK that are affordable for people to live and address the UK’s housing needs.
“Shepshed is a vibrant market town with a growing need for more new homes. We’re excited to be delivering a variety of properties with a range of purchase and rental options available, creating a great place to live for first-time buyers, growing families or even downsizers.”
Stuart Pratt, Founder and Board Director at Godwin Developments, said: “We are really thrilled that Places for People will now be the custodian of this scheme, taking it forward through to the delivery and operation of new affordable and environmentally efficient homes for local people. Godwin has deep expertise in identifying the right sites and getting them through planning and Shepshed is a great example of this skill in action. The transaction will enable us to focus our efforts on other development projects across the country where we continue to seek residential, commercial and industrial opportunities that match our strategy.”
