ilke Homes and Stonewater have been given the go-ahead to deliver 120 factory-built affordable homes at a derelict site in Herefordshire
Herefordshire Council has approved plans for a development that will see the delivery of 120 factory-built affordable homes.
The scheme, which sits on College Road, is being delivered through a £23m partnership between ilke Homes and Stonewater.
Supported by Homes England, the formerly derelict site on the Holmer Trading Estate has now been cleared and will be transformed, with works set to commence in April.
The site, which was secured by ilke Homes from the landowners and subsequently bought by Stonewater last year, is the first project ilke Homes had secured under its full development ‘turnkey’ offering.
The turnkey solution will involve the housebuilder leading the entire development programme, from site identification and gaining planning consent, through to developing the scheme and finally installing the factory-built homes.
The planned development is set to deliver 74 affordable rent and 46 shared ownership factory-built homes, comprising a mix of one, two, three and four-bedrooms.
Upon completion, all the homes will be available for either affordable rent or shared ownership and underpinned with accreditations from NHBC.
‘Ambition, innovation and speed of delivery’ to tackle the housing crisis
John Hickman, development director (Midlands and North) at ilke Homes, said: “While the housing market has remained largely insulated from the wider economic downturn that we’ve seen as a result of Covid-19, rapidly rising house prices have meant that affordability levels are at an all-time low.
“Since launching our full development ‘turnkey’ offering, we’ve been able to offer housing associations, councils, investors and developers a solution to housing delivery that provides certainty over construction programmes.
“We look forward to continuing to work with the forward-thinking housing provider Stonewater to deliver this 100% affordable scheme.”
Matt Crucefix, director of development (South and West) at Stonewater, added: “Tackling the housing crisis requires ambition, innovation and speed of delivery without jeopardising quality, which is why we’re committed to working with our partners to deliver affordable, well-designed homes that our customers and communities can be proud of.
“We’re proud to be building on our strong development pipeline in Herefordshire – an area where we’re currently providing more than 260 new affordable homes – to deliver this progressive development opportunity with ilke Homes.”