Find out about Guildford Park Road
The Guildford Park Road development is part of a programme for housing-led regeneration.
The site for development is a pay and display car park at the edge of the town centre, owned by us.
The £86 million project will transform this car park site into a vibrant urban neighbourhood, delivering up to 248 new homes with a commitment to 40% affordable housing. All the homes will be well-designed, energy efficient and low carbon.
What we're doing
We've selected a development partner who will work with us to deliver the scheme. 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 done so far?
- developed draft plans for the site
- consulted widely
- appointed a development partner
What happens next?
- before finalising the design and seeking planning permission Wates will be running a series of consultation events
- residents will be invited to meet the project team, learn more about the emerging plans, ask questions and share their thoughts.
- we'll provide details of these events soon
What our chosen developer will do
- develop a final design
- secure planning permission
- 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
We'll make sure the project achieves benefits for local residents. As part of the emerging proposals, Wates will be delivering a social value programme valued up to £11 million.
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