Date published: 05 July 2022
Glenvale Park is a vibrant, sustainable new neighbourhood in Wellingborough, bringing 3,000 brand new high-quality homes, amenities and exceptional green spaces to the northern fringe of the town. The developers behind Glenvale Park are committed to giving back to the community through community engagement initiatives, events and a dedicated social value programme.
Stonewater is the eighth developer to join the community, with construction beginning on this latest parcel of homes in July 2022.
In total, Stonewater plans to deliver a total of 148 affordable homes to Glenvale Park comprising a mix of flats and houses for affordable rent, social rent, shared ownership and Rent to Buy. The opportunity for Stonewater to acquire the site from Glenvale Park LLP was facilitated by affordable housing developer V10 Homes which put together a packaged deal for the land purchase and construction of the homes.
Rent to Buy is a scheme which allows customers to rent a home at 80 per cent of the market rent, providing aspiring homeowners the opportunity to save towards a deposit and after five years - buy their home.
To support its environmental commitments, the completed houses on the development will be powered entirely by air-source heat pumps and Stonewater will also be providing electric vehicle (EV) charging points.
Chris Montague, Director of Development (East and North) at Stonewater, said:
“From affordable and social rented homes to options that can support aspiring homeowners to get their foot on the property ladder, we’re proud to be joining this community and delivering these much-needed affordable homes to Wellingborough.
“The variation of housing we’ll be providing at Glenvale Park will bring together different generations in a way that will help keep the existing community strong – whilst tackling local housing need.”
Mark Best, Director of Midtown Capital Ltd, managing partner of Glenvale Park LLP said:
“Through our public engagement, we know how important affordability is for the local community. We’re therefore delighted to welcome Stonewater to Glenvale Park, bringing affordable homes of an excellent standard to our community, while also meeting a local need.
“We’re committed to ensuring we create an inclusive, exciting and accessible place for Wellingborough, delivering excellent homes across a range of tenures in addition to an array of green open spaces and high-quality amenities.”
Karl Timberlake, Land and Operations Director for V10 Homes, said:
“We’re proud to have worked in partnership with the superb teams at Stonewater and Glenvale Park LLP to create these additional affordable homes within the wider development. The fact that this parcel will be 100% affordable aligns perfectly with one of our key sustainability pledges - to improve the social value of our developments. These homes will help change people’s lives and we are delighted to have played a part in creating them.”