Find out about Guildford Park Road
The Guildford Park Road car park development is part of a programme for housing-led regeneration.
The £86 million project will transform a pay and display car park site into a vibrant urban neighbourhood, of 248 new homes, 40% owned and managed by us. All the homes will be well-designed, energy efficient and low carbon.
Approved plans include:
- four apartment buildings ranging from four to six storeys
- 15 townhouses of two to three storeys housing a range of households
These homes will contribute to meeting local housing need. The Council homes for rent will be allocated to those on the Council's housing register.
What we're doing
In July 2024 we selected Wates as our development partner. Wates Group is a family-owned development, building, and property maintenance company.
We're committing up to £39.7 million from our Housing Revenue Account to buy the affordable housing. This housing will be added to the 5,000 council homes we already own and manage.
What have we achieved so far?
- developed draft plans for the site
- consulted widely
- appointed a development partner
- undertook further consultation
- developed a final design that received planning permission in March
What our chosen developer will do
- be responsible for funding the private housing
- build a mix of housing for sale, shared ownership and rental properties
- include 40% affordable housing
- sell the private properties
- return the social housing for us to manage
Benefits of the new development
Better use of land
Redevelopment will make better use of this brownfield site. It will:
- help us meet our local housing delivery targets
- provide much needed new housing
Alignment with our Corporate Strategy 2024 - 2034
This development will help to ensure that local people have access to decent homes that they can afford.
Alignment with our Housing Strategy
We will increase the amount of affordable housing available in our borough. This will improve the social and economic wellbeing of our residents.
Affordable Housing
We plan to build affordable housing, reflecting a good mix of homes, which we will own and manage.
Environmental Sustainability
We'll adopt a scheme that helps to address our climate change objectives. We want to build homes that outperform building regulations.
Social Value
Alongside the new homes, the project includes a significant social value programme (£11 million) to support the local community. This will create 40 new local jobs and deliver training and upskilling opportunities. The programme also includes 39 work experience placements, 200 hours of volunteering, a Green Schools Project and environmental improvement initiatives.