Vistry Group, the provider of affordable mixed-tenure homes, has sealed a £34 million deal to bring 133 affordable family homes to Rushden in partnership with Platform Housing Group.
The site, which was formerly owned by Co-op, benefits from full planning permission and work is expected to start in summer 2024.
This new development will consist of one-, two-, three-, and four-bedroom houses and maisonettes, including air source heat pumps to reduce carbon emission, with thoughtfully designed green spaces to create a new area which will integrate well with the local community.
As well as new homes, the development will also mean more than £700,000 of investment in services to benefit the whole community.
All the homes will be manufactured off site using open panel timber frames from the Vistry Works East Midlands factory in Bardon. Building homes using this modern method of construction (MMC) reduces the carbon footprint of every property. Each home built using these panels emits 14,460kg CO2e less than a traditional brick-and-block house.
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 forwards 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.”
Michael Baggett, director of land and partnerships at Platform Housing Group, added: “Strong partnerships that truly work for all parties will be the key to unlocking opportunities and delivering affordable housing at scale. At Platform we are determined to keep building homes and working with Vistry we are proud to be offering so many people the chance to have a place they can call home.”
The parties’ professional advisors were Rachel Saint of Paris Smith acting for Co-op, Patrick Aide of Freeths acting for Vistry Group and Gabor Taller acting for Platform Housing Group.
