Residential development of up to 50 homes sold to Places for People
National property business Godwin Developments announces that it has completed the sale of its residential development of up to 50 family homes in Shepshed, Leicestershire, to the UK’s leading social enterprise Places for People.
The scheme, which benefits from an outline planning permission secured by Godwin last year, is situated at a gateway location along the main arterial route into Shepshed. When fully built, residents will have easy access to a range of amenities, including primary and secondary schools, shops, recreational facilities, a wide range of other services, and local employment. The site of the residential development also lies just over half a mile from junction 23 of the M1 motorway and is approximately three miles from Loughborough, the principal settlement in the Borough of Charnwood.
Places for People intend to deliver the scheme of two-, three- and four-bedroom properties through thoughtful design and to high energy efficiency standards. The enterprise has a long-term growth programme that aims to deliver over 18,000 homes in the next five years across the UK. It is expected that the properties will be available sometime in 2024, both as affordable rent as well as with options to purchase through the Government-backed Shared Ownership scheme.
Commenting on the completion of the transaction, Godwin Development’s Founder and Board Director Stuart Pratt said: “We are really thrilled that Places for People will now be the custodian of this scheme, taking it forward through to the delivery and operation of new affordable and environmentally efficient homes for local people. Godwin has deep expertise in identifying the right sites and getting them through planning and Shepshed is a great example of this skill in action. The transaction will enable us to focus our efforts on other development projects across the country where we continue to seek residential, commercial, and industrial opportunities that match our strategy.”