Vistry Group, the provider of affordable mixed-tenure homes, has exchanged contracts on a 28.5-acre site on Barnards Drive in Sileby. The land, with a GDV of £63.2m, is being developed to build 228 family homes to help combat the need for housing in the area.
Situated just beyond Barnards Drive on the eastern edge of Sileby, the new development will be made up of both affordable and open market homes.
The new development will integrate with the Leicestershire community with a mix of one- bedroom maisonettes, and two-, three-, four-bedroom homes.
All the houses will be constructed using modern methods of construction, with timber frame panels produced at the local Vistry Works factory in Bardon, Leicestershire. This will improve the sustainability and speed of the construction process, as well as reducing disruption for the local community.
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 bringing much-needed mixed-tenure homes for the area demonstrating our commitment to delivering high-quality, affordable homes in a sustainable manner to enhance communities and meet the diverse housing needs in the area.
“We know that people from all walks of life will relish the opportunity to live in modern family homes and to be part of a vibrant and well-connected community here in Leicestershire.”
The site has outline planning permission with Reserved Matters before the end of the year with a view to starting work in 2025.
