Bridging Loans News:- The go-ahead for 177 flats and houses to be constructed as part of the latest phase of the Waverley New Community has been given the go-ahead by Rotherham borough council.
Barratt Homes will be building the £17.7m development which comprises six one-bedroom, 13 two-bedroom, 57 four-bedroom flats and 101 four-bedroom houses. Planning permission was granted at the end of last month on condition 31 of the homes would be affordable.
JRP Associates have designed the scheme on the 4.79 ha remediated and restored site which was once a former opencast mine. The scheme includes parking and landscaping and Eastwood and Partners have been hired as the consulting engineers.
Waverley’s location proves a major attraction
Barratt Homes have described the project as an exciting one offering high-quality housing and investment in the local economy with the creation of construction jobs plus landscaping gains
It said Waverley was in a good location and close to Rotherham and Sheffield which were just ten and 15 minutes drive away. The village is also 30 minutes drive on the M18 from Doncaster Sheffield Airport.
Finance brokerage Hank Zarihs Associates said this made the scheme a good one for sourcing property development funding, quick bridging loans or short term bridging finance.
Hank Zarihs’ chief executive Shiraz Khan said: “This is an attractive residential development fulfilling housing need and boosting the local economy. ”
Waverley village is part of Sheffield City Region’s enterprise zone and is home to the advanced manufacturing park in Rotherham. It will be Europe’s largest research-led advanced manufacturing cluster, centred around the Sheffield-Rotherham corridor, which is home to the University of Sheffield and Sheffield Hallam University.
Innovation districts combine research institutions, innovative firms and business incubators with the benefits of urban living. These districts offer cluster cutting-edge research in geographic areas that are liveable, walkable, bikeable and transit-connected.