L&G plans to build 200 lower cost SBTR homes
Legal & General has revealed plans for 200 lower cost homes for rent as part of a £1bn, 2,750 home master plan for North Horsham.
It has submitted plans to deliver its first suburban build to rent (SBTR) scheme as part of its £1bn multi-tenure site in North Horsham.
Bringing together its Build to Rent, Affordable Housing and Modular Homes businesses, L&G has outlined its intention to deliver 200 homes, which will be exemplary in sustainable and affordable family accommodation.
The scheme will use modern methods of construction (MMC) to accelerate the delivery of the site, whilst minimising its environmental impact.
If granted planning permission, Legal & General’s £70m scheme in North Horsham will deliver 124 SBTR homes, alongside 97 homes for social rent, affordable rent and shared ownership.
The SBTR development is focused on lower cost housing for families, meeting the need identified in the council’s Local Plan, which states: “The cost of housing is high which can make it hard for [families] to stay or move back to the District.”
The scheme will offer a high proportion of two and three-bed houses which are most suited to families in the area.
As part of Legal & General’s commitment for its residential homes to be operationally net-zero carbon from 2030, North Horsham is targeting to be one of the first Energy Performance Certificate (EPC) A-Rated SBTR and affordable developments in the UK.
Trialling a new model which prioritises developing important infrastructure for local areas in the first building phase, Legal & General has advanced the completion of the infrastructure for a new school, Bohunt School, to bolster high quality options for nearby families.
The school is expected to be open from January 2022. North Horsham will also offer a village centre, commercial space, a supermarket and green spaces.
Nigel Wilson, group chief executive of Legal & General, said: “England has a shortfall of over four million homes and the affordability gap for buyers and renters continues to increase.
“We are proud to be making the first steps towards delivering our first Suburban Build to Rent scheme in North Horsham to offer more quality rental options outside urban areas.
“This SBTR scheme is an exceptional opportunity for Legal & General to deliver a site using the spectrum of its housing platform, bringing forward much needed affordable family housing.
“In a new approach which prioritises developing important infrastructure for local areas in the first building phase, Legal & General has helped advance the completion of the infrastructure for a new school, Bohunt School, to bolster high quality options for nearby families.
“It will also use modular methods of construction to ensure speed, scale and quality of delivery, as well as helping to build back better by delivering one of the UK’s first EPC A-Rated Suburban Build to Rent and affordable housing schemes.”