First phase complete on new build estate in Newbury
Nissen Richards completes the first phase of a new-build estate, named Sterling Gardens, in Newbury, Berkshire. This phase has provided 119 new homes, 27 of which are designated for social rent, 62 for affordable rent, and a further 30 are designated as shared ownership properties.
These homes were not originally intended to be affordable use, instead designed for private market sale, however this was changed following the securing of a grant from Homes England as well as the local council.
The first phase has also delivered lower ground parking for residents as well as works to provide road links in the future.
Once the second phase is complete the estate will provide 167 apartments and central landscaping to be enjoyed by residents, as well as featuring a number of road links.
This two phase development is on a site that was formerly the Sterling Cables manufacturing plant and Newbury Town Gas company. This site was acquired by the Developer Nelson Land back in 2006, though Nissen Richards was only appointed to the project in 2018.
While road link creation was a serious stipulation for this project, the site is also located near the railway station and thus offers residents options for travel beyond the newly made roads.
Alexa Peters, the client for this project and Head of Residential Development Sales in Reading, Savills, said: “Sterling Gardens is the most impressive new-build scheme to come to the market in Newbury and significantly enhances the choice on offer in the town.”
“Practically, it is exceptionally located and its road and rail links will be an important part of its appeal. But it is the attention to detail in its lifestyle offer – exceptionally light and spacious living spaces, stunning rural views from private balconies and terraces and the centerpiece courtyard – that really elevates it above and beyond any other new homes scheme in the area.”
Greg Williams, Head of Business Development at Compariqo, said: “It is excellent to see projects such as this, that were originally planned for private sale pivot into the social and affordable pricing that the country and local communities desperately need”
“We are excited to see what the second phase of this brilliant project will bring and here to provide our support with projects like these, be they large or small”
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