Lake Terrace, Melton, Leicestershire
Sector: Affordable housing
Client: Nottingham Community Housing Association (NCHA) https://www.ncha.org.uk/
Housing mix: Phase 1 consists of 90 homes made up of 1-, 2- and 3-bedroomed houses on a 10-acre waterside site; 48 homes will be available for affordable rent and 42 sold for shared ownership.
From land to living: 3 years
Estimated Completion: November 2025
GDV: £19m. The £13m Phase 1 scheme has been funded by contributions from Homes England and NCHA.
Land to living: MyPad was not involved in the land purchase for this development but is one of two developers involved in every aspect of creating the infrastructure and building the houses, with support from Melton Borough Council and Leicestershire County Council.
“At NCHA we have worked with the MyPad team for many years. MyPad have a wealth of experience and expertise delivering land and build package housing schemes and are successfully delivering some of the most technically challenging and time pressured sites on our programme. MyPad continue to provide NCHA with regular land and build opportunities and we’re looking forward to continuing and strengthening our partnership relationship in the years to come.”
Allan Fisher, Director of Development and Assets at NCHA
NB Proposals for Phase 2 of this development have been submitted in the hope that a further 77 affordable homes could be created in the future.
