Posted on 12 April 2022
Cross Keys Homes (CKH) has recently concluded a deal to acquire land close to Yaxley as part of their drive to provide more affordable homes in Peterborough.
The scheme will provide 105 new affordable homes in total providing a mix of 1, 2, 3, & 4 bedroom homes for rent and shared ownership, with grant funding secured from the Cambridge & Peterborough Combined Authority (CPCA) to support 45 of these homes, in addition to the 60 that were derived by the section 106 planning gain.
Working with national housebuilder Countryside Properties, the overall development of 347 dwellings is the first phase of the Strategic Urban Extension to Peterborough known as Great Haddon. Over time this is earmarked to provide in excess of 5,300 new homes and will transform the area into a thriving neighbourhood to the south of Peterborough.
This is the latest in a long list of Peterborough-based developments from CKH who are also currently working on new homes in Westwood, Hampton and Newark Road.
Cross Keys Homes’ Chief Executive, Claire Higgins, said: “Building homes in Peterborough is a fundamental part of our strategic plan because we know there is a real need for affordable housing options in many communities across the city.
"Working with respected development partners and with funding secured from Cambridgeshire and Peterborough Combined Authority, we know that we can continue to provide homes that mean people don’t need to choose between quality and affordability. We are delighted to be able to provide more than 100 families with a place to call home on this site in the near future. We always want to do more though and have all the funds in place to support that ambition and more besides, so we are actively seeking opportunities to build new homes on other sites in Peterborough and the surrounding area. We positively welcome approaches from developers and housebuilders to help our vision become a reality.”
Mayor of Cambridgeshire and Peterborough, Dr Nik Johnson added: “I’m delighted that the Combined Authority is supporting Cross Keys Homes in its ambition to provide affordable homes in and around Peterborough. At the Combined Authority, we are well aware that low-cost, high-quality homes change lives. They provide people with a stable base to sustain a career, participate in communities, stay healthy and are overall important for a good quality of life. Owning a home should not be a luxury for the few and I am passionate about ensuring people are not priced off the housing market in our region.”
Construction will start on site in the coming weeks with the first affordable homes due for completion in October.