Â£43m plan for 333 new private homes
More than 300 new homes costing Â£43m will be built in Sheffield for private rental and sale.
Some 256 will be constructed off Prince of Wales Road, near Fitzhubert Road, Manor, and 93 off East Bank Road, Norfolk Park, on the site of an old secondary school called East Hill. Some 333 in total.
Some 221 will be for private rent with the rest managed by Sheffield Housing Company for ‘open market’ sale.
Phase one of the work on the Manor is expected to be complete in May 2019, while East Hill is due two months later.
Engie, formerly Keepmoat, will build the three and four-bed homes. Sigma Capital Group will manage the rental properties. SHC is a partnership between builder Keepmoat, Sheffield City Council and Great Places Housing Association.
Martin Smithurst, regional managing director for ENGIE, said: “Home ownership isn’t always an option, nor is it everyone’s desire, so it’s important that we maintain and improve the standard of rental accommodation across the country.
“We have worked successfully and collaboratively with Sigma and our partners at SHC to ensure these new schemes have a mix of homes for renters to choose from.
“The success of Norfolk Park demonstrates the appetite for varying tenure and we are equally confident that the schemes in Manor and East Hill will follow suit.”
Late last year, the three organisations built 24 rental properties at Norfolk Park which are fully-let, he added.
Andy Beattie, development manager at Sigma Capital, said their homes were managed and maintained and aimed at “young professionals, families and early retirees.”
John Clephan, project director at SHC, said: “We are pleased to be working with partners to provide more new homes in the city for rent and for sale. In addition to much needed housing, this initiative is creating employment and training opportunities, stimulating local economies and breathing new life into communities.”
The Sheffield scheme is part of an £800m programme which aims to build 5,000 new houses in England by 2021,