ilke Homes has been selected by Nottinghamshire City Council to deliver up to 140 homes on a brownfield site in Arnold.
The deal will see the redevelopment of the nine-acre site in Rolleston Drive – a former depot that had remained derelict for six years before being destroyed by fire in 2017.
This latest tie-up follows the developer partnering with Network Rail to deliver 40 new sustainable modular homes in the area, and delivering nine zero-carbon homes in Newark for SME developer Positive Homes – making it ilke Homes’ third scheme in Nottinghamshire.
The homes will be manufactured at ilke Homes’ factory in Knaresborough, North Yorkshire, before being delivered to Rolleston Drive.
This marks the first time that Nottinghamshire County Council has released land for a factory-built housing development. The local authority announced last year it was supporting major infrastructure and capital projects costing over £200 million to help boost prosperity for its residents and the local economy.
It has secured an £11 million grant from Homes England to prepare eight redundant sites that it owns for housing development to meet the growing demand in the county.
As the homes are factory built, they are more cost-effective to maintain, quicker to construct and have a lower carbon footprint than traditional brick houses. They can be also built with less disruption on-site and require less complex groundworks, making them an ideal solution for local authorities who want to quickly regenerate surplus brownfield land, and an ‘essential’ part of the government’s strategy to ‘build, build, build’ to meet housing need and boost the economy following the Covid-19 lockdown.
Tom Heathcote, executive director of development at ilke Homes, comments: “We’re delighted to have been selected by Nottingham County Council to unlock this important brownfield site. Our housing technology means we can quickly deliver a high-quality scheme that brings this derelict site back into productive use and deliver much needed, sustainable family homes for the local community.”
“It is our intention to submit a full planning application for an affordable led scheme of 2, 3 and 4-bedroom houses by the end of the month.”
Councillor Kay Cutts, leader of Nottingham County Council, adds: “We selected Ilke Homes as the purchaser for this site after receiving many bids from different housebuilders and developers during the tender process.”
“The re-use of this site for housing will be a huge benefit to the community and ilke Homes already appear to be making progress with their planning application. The sale will realise a notable capital receipt for Nottinghamshire County Council.”
This post has originally been featured in Property Investor Today.