Places for People has acquired land from Godwin Developments to build over 50 new units to deliver 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. Each home will be built to high energy-efficient standards, offering lower energy bills than second-hand homes.
The site had existing outline planning consent and Godwin Developments obtained reserved matters approval from the council in autumn 2022.
The site is located a few minutes away from the Shepshed centre and Junction 23 of the M1 Merchants Way offering close access to a range of amenities, small businesses, a medical centre, a post office and a church as well as four primary schools and three secondary schools.
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.”
