The second phase of the Castleward Urban Village in the centre of Derby will consist of 54 more new homes which will be a mixture of low-rise apartments, duplex-style properties and houses.
The Castleward project, situated between the railway station and intu Derby, is being carried out in a number of phases over 15-20 years and will provide 800 new homes and 35,000 square feet of commercial retail space.
Bondholders Compendium Living and Derby City Council aim to create a distinctive place combining high quality homes with the benefits of city-centre living. In addition, we want the area to be sustainable, and have a feeling of community. Much of the housing will be low-level (two- and three-storey family homes) with a number of apartments and maisonettes. The tenure mix will be approximately 75% for private sale and 25% affordable homes (social rented and/or shared ownership).
The Castleward redevelopment is also significantly enhancing an important gateway to the city, providing wider benefits to residents and visitors.
Dave Bullock, Managing Director at Compendium Living said: “We are so excited to have started work on the next phase of Castleward. The first phase was extremely popular and we anticipate the next phase will be too.
“We will be bringing more modern and contemporary homes to the city centre, ideal for first time buyers, young professionals and commuters searching for a brand new home within easy reach of transport links and amenities.”
Councillor Matthew Holmes, Deputy Leader of Derby City Council, said: “Castleward is an important housing-led regeneration scheme which will help to ensure continued economic growth and make Derby a great city in which to live and work.”