V10 Homes has acquired a site that will allow 94 new affordable homes to be created near the market town of St Ives, Cambridgeshire.
Located on the outskirts of the picturesque market town of St Ives, V10 is aiming to transform the redundant brownfield site into a stunning development of houses and apartments in a semi-rural environment.
The views from the upper floors over the rolling countryside and adjacent boating marina will give the occupiers a real sense of tranquil living. All the occupiers will also benefit from the use of the extensive landscaped areas which includes a large pond and wooded area. This will be accessed by way of a unique boardwalk which wraps around the building.
This 94-plot scheme is being delivered as a package deal on behalf of our development partner Settle Group.
“This development will create additional and long-term social value for the local community,” comments Karl Timberlake, Land and Operations Director at V10.
“We’re proud to be working with Stonewater on this development. Our RP partner is aiming to deliver a 100% affordable scheme with two tenures – ensuring more people can get access to a life-changing home.”
Over £58,000 of the s106 contributions will go directly to the nearby Fenstanton Football Club to improve the outdoor and indoor facilities for the local amateur players and supporters for them to enjoy for years to come.
The scheme will also generate additional environmental value as a 12% bio-diversity net gain will be achieved on-site once the development is complete –20% more than required under planning law.
V10 has undertaken a sustainability audit of this scheme using its 30 environmental, social and economic benchmarks. V10 has awarded this development an 80% rating.
V10 agreed terms to acquire the site off market directly with the land promoters. V10 is actively in the market to buy other consented sites so please get in touch with our Land Director – Karl Timberlake if you are instructed to sell or can introduce V10 to a land opportunity.
*For more information on how we assess our schemes and to learn more about our sustainability pledges and policies please visit our sustainability page.