Oakfield - a place fit to call home
We announced this exciting regeneration project in 2017 and we’ve now passed a major milestone with planning permission agreed to build 239 new homes available for sale or rent, including 30% affordable housing.
Joe Garner, Nationwide's Chief Executive, said "We're delighted to receive approval to deliver a long-lasting, high quality development in collaboration with residents and Swindon Borough Council. As a building society we were founded to help improve housing, rather than maximising profit and shareholder return. Helping create these new homes and a thriving community is a great example of how we are guided by our purpose of building society, nationwide."Read more
The 239 homes will be comprised mainly of terraced houses or maisonettes, with a small block of apartments, including community space. All homes will have at least one parking space and either a private garden or access to shared gardens, for those preferring a more communal option. There will be a mixture of two, three and four bed homes for sale or rent, as well as 71 affordable one, two and three bed apartments and houses.
Nationwide has partnered with specialist development manager, Igloo Regeneration, and a dedicated design team to deliver contemporary designs, using traditional quality materials, creating bespoke homes with light and space through higher ceilings, larger windows and terraces, and a focus on energy efficiency.
Building is expected to start by the end of the year, with the first phase of homes available from Spring 2021.
The development involves a Nationwide investment in the region of £50 million over a number of years, though it aims to break even through sales and rentals, with any profits being reinvested in other Nationwide community projects.Read less