A 101-home Built To Rent estate is being created by Barratt Homes in Cambridge, as part of a deal with BTR provider Packaged Living.
The homes will be on the northwestern edge of Cambridge, and will be part of a scheme which ultimately will boast 1,500 homes and infrastructure.
Spread across two-, three- and four-bedroom houses, as well as two-bed flats, the 101 new homes will use air-source heat pump systems instead of traditional gas boilers. The development will also feature electric vehicle charging for every home, photovoltaic panels and battery storage to help support ongoing energy needs and target an EPC ‘A’ rating.
Jonathon Ivory, chief investment officer at Packaged Living, says: “Once delivered, this prime Cambridge asset will sit within a wider portfolio of similarly high value single family communities including Hampshire, Buckinghamshire, Essex and Kent, underpinning a portfolio value of more than £500m and chiming with our business model of investing in and operating communities that exhibit elevated levels of job and population growth.”
And Mark Bailey of Barratt Developments adds: “We are committed to delivering high quality sustainable homes and look forward to building a strong relationship with a partner who shares our commitment to quality and housing delivery.”
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