195 homes to be built in Cheshunt following B3Living's £49m investment
Nearly two hundred extra affordable homes are set to be built on the major new development, Cheshunt Lakeside, thanks to a £49m deal between local housing association B3Living and developer Inland Homes.
These homes will form the first phase of the 1,700-home redevelopment of the former Tesco HQ site, situated on Delamare Road beside Cheshunt train station.
As part of the deal, B3Living will provide 98 homes for people on the Council’s waiting lists, 82 homes sold through the shared ownership scheme, and 15 homes for open market sale. This phase of the development is due to finish in early 2023.
The project is the latest of seven major developments in the pipeline for B3Living within the Borough of Broxbourne.
B3living’s Chief Executive, Steve Woodcock, said: “As a local organisation, it’s essential that we continue to invest in the community on our doorstep. We already manage 1,500 homes in Cheshunt and know that many people can’t afford the price of houses on the private market.
“This is a well-designed, attractive development with plenty of green space. We are looking forward to playing our part in helping regenerate this area of Cheshunt.”
Stephen Wicks, Chief Executive of Inland Homes said: “We are pleased to be working with B3Living on this first phase to transform the site into a thriving residential and business community to address the demand for high-quality, affordable homes in the area.”
Properties will range from one-bedroom studios to three-bedroom apartments in two main blocks surrounding a landscaped central courtyard. The development will also include further communal gardens and a traffic-free ‘Green Link’ for pedestrians designed to reflect the neighbouring River Lea corridor. Plans for the wider Cheshunt Lakeside development also include commercial space, community facilities and a new school.
To join the waiting list to buy a home at Cheshunt Lakeside or to find out more about shared ownership, please visit www.b3athome.co.uk.