V10 Homes is delighted to announce the acquisition of a site in Northamptonshire that will provide almost 150 affordable homes on behalf of our development partner Stonewater.
Located at Glenvale Park on the outskirts of the market town of Wellingborough, or ‘Wendelingburgh’ as it was referred to in Anglo-Saxon times, V10 is aiming to develop out a parcel of land on this 2,700-home urban extension creating an impressively designed development of houses and apartments.
This 148-plot scheme is being delivered as a package deal. V10’s RP partner is aiming to deliver a 100% affordable scheme with four tenures – ensuring more access to a life changing home – thus creating additional and long-term social value for the local community.
Furthermore, the s106 contributions and obligations generated from the development of this parcel will trigger a range of wider community benefits including more sports facilities, two new primary schools, a neighbourhood centre including land to accommodate fire, police and teaching facilities.
Wellingborough town centre itself will receive funding for a raft of improvements too. Both the local and wider community will enjoy all these advantages for years to come.
Karl Timberlake, Land and Operations Director at V10, comments: “We’re proud to be bringing this site forward in partnership with Stonewater.
“As well as providing quality affordable homes, it will provide other substantial benefits including use of local labour and suppliers. Once complete the local authority will benefit from increased council tax receipts and the new homes bonus which will be redirected to meet local people’s priorities.”
V10 has undertaken a sustainability audit of the 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 – this being the second site to be agreed with them in the last 12-months.
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.