Milton Keynes Development Partnership (MKDP) has exchanged contracts with Taylor Wimpey on its 17-acre site at Kents Hill Park, Milton Keynes, to build 171 homes.
In line with the outline planning permission Taylor Wimpey will provide 53 affordable homes and MKDP will purchase an additional 25, to bring the total number of affordable homes to 78. All of these homes, which will include a range of two bedroom apartments to five bedroom houses, will be managed by MKDP’s wholly owned subsidiary – Milton Keynes Housing Company Ltd.
All the homes will be built to exceed what is anticipated will be the requirements of the Future Homes Standards*. For example, the materials used in construction will be energy efficient to ensure optimum insulation and air source heat pumps will also be included for each property.
A detailed planning application will be submitted to Milton Keynes Council within the next 6 months and it is expected that work will start on site in 2023 with residents starting to move in during 2024.
MKDP’s Property Development Director Matthew Green said: “This is a landmark moment for affordable housing in Milton Keynes. Homes that will raise the bar in terms of carbon reduction initiatives minimising residents’ exposure to rising energy costs and, importantly, will stay permanently in the control of Milton Keynes Council through the MK Housing Company MKDP is delighted to have facilitated this initiative and looks forward to delivering many more homes.”
Emma Walton, Senior Planning Manager at Taylor Wimpey South Midlands, says: “We are pleased to have exchanged contracts with MKDP to deliver much needed affordable housing in Milton Keynes. We are currently finalising our planning application for the Kents Hill development and look forward to starting work on site after our application has been approved.”
*The Future Homes Standard is a set of standards that will complement the Building Regulations to ensure new homes built from 2025 will produce 75-80% less carbon emissions than homes delivered under current regulations.