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USEFUL INFORMATION & ITEMS OF INTEREST FOR BUILDERS

August 2023

£25m build-to-rent loan kickstarts homes creation in Leicester

Site for 11 dwellings in Anstey

PROPERTY DEVELOPER Monk

Estates is to create 171 homes at a historic site in Leicester with financial backing of a £25m build-to-rent loan secured through collaboration between Housing Growth Partnership, Pluto Finance, and the MAF Finance Group. The build-to-rent loan will be instrumental in supporting the repurposing of an Edwardian factory and the construction of two interconnected new build apartment blocks. Spanning four storeys, the redeveloped former hosiery factory in Highcross Street will be transformed into a modern and stylish residential hub, blending heritage with contemporary design.

Next to the factory, the two interconnected apartment blocks have been designed to integrate with the existing structure, enhancing the development’s architectural appeal, and helping to reduce overall massing. Upon completion, the development will feature 171 residential units, as well as an associated commercial unit which will be available to serve both residents and the surrounding community.

TRANQUILITY Homes are offering for sale a 0.17 acre plot of land with planning granted for 11 dwellings (eight one-bed and three twobed) with associated parking for 9 cars.

The land – at Latimer Street, Anstey, Leicester – is located in a prime location, directly off The Nook in the centre of the village.

If built and rented out, the agents estimate the site would bring in around £99,600 income. Offers in excess of £550,000 are invited.

Contact Tranquility Homes for more information on 0116 235 5232.