LiveWest in partnership with Vistry has acquired a site in Wadebridge that will deliver up to 245 new homes.
The site, 1km from the north of the town centre, benefits from planning consent that was secured in 2022.
Operating as a 50/50 Joint Venture, we will bring forward 50% affordable homes as part of the development - 30% allocated by Section 106 agreement and an additional 20% affordable homes supported by Homes England grant.
A detailed planning application to finalise the design of the homes will now be submitted.
Gareth Jones, our Development Director, said: “We are delighted to work with Vistry on a priority site in an area of high housing need. We are particularly pleased to deliver a range of rented and shared ownership properties and we look forward to offering the first affordable completed homes.
"This is the second large site that the two companies have contracted on in Cornwall in 2024 – the first being at Hay Common, Launceston, where all homes will be affordable.
"Together, the two sites show the commitment of both companies to ensure consistently high levels of housing delivery in the County. The two sites will provide 440 homes of which 317 will be affordable homes.”
The site in Wadebridge builds further on Vistry and LiveWest’s already established partnership as both companies work together to address all types of housing need.
The two businesses have previously built many hundreds of new homes across Cornwall having worked successfully together on the Cornwall Land Initiative (CLI).
Peter Sadler, Managing Director Vistry Cornwall South West, said: “We’re pleased to work in partnership with LiveWest to acquire this site, which will provide a significant number of high-quality, mixed tenure homes.
"By working together we have been able to increase the affordable housing contribution beyond the Council’s requirements to 50%, helping to meet the demand for affordable homes in Cornwall.
"We’re looking forward to submitting detailed plans and hopefully starting work before the end of the year.”