Homes

The regeneration of the retail park is an opportunity to plan for and provide much-needed new homes in Exeter and the creation of a new urban village.

Our proposals involve delivering approximately 440 new homes, split across build-to-rent apartments and co-living studios of various sizes.

Build-to-rent and co-living accommodation are well-suited to modern living and will help to create a diverse, vibrant and thriving community in the Haven Banks area.

Build-to-rent refers to purpose-built housing designed for rent rather than sale – it provides residents an affordable place to live with a distinct and desirable sense of community and modern facilities geared around community living. Build-to-rent homes are more secure (from a lease perspective) and reliable than privately rented homes, with longer tenancy options, professionally managed by reliable landlords and with lower fees.

Co-living is a modern form of housing where residents share living space. It offers an opportunity for younger generations in particular to embrace communal living and shared experiences. Each resident will have their own private bedroom, bathroom and kitchen, with communal areas focused around an integrated hub with shared space including flexible work and lounge space.

Co-living makes good quality rented accommodation more accessible and affordable, especially for young people, because the price point is lower than someone would have to pay for the same quality accommodation if they were renting the full range of facilities exclusively and not in this shared arrangement.

The homes will be built to the highest building performance standards to ensure that they are energy-efficient, environmentally friendly and so that they minimise heat loss. The buildings will also have solar panels on the roof and we will use air source heat pumps to contribute to carbon reduction and maximise renewable energy use.