Of these, 75 homes will be made available for social rent and 31 for shared ownership.
Vistry North East, which is part of Vistry Group, will construct the new homes to be owned and managed by Beyond Housing. Work is expected to begin towards the end of 2025, with completion expected in 2028.
These new first phase homes are part of Vistry’s wider, circa £169M, Summerville Meadows development – which is being constructed on a site just of Harrowgate Lane.
Over the next seven years, 670 new homes will be built for open market sale, shared ownership and affordable, social and private rent.
Andrew Rennie, development director with Vistry North East said: “Our Summerville Meadows development will create a new community of mixed tenure homes that provide housing quality and choice for local people – specifically suited to their varied needs and requirements.
“These 106 affordable homes follow an earlier deal for 126 properties with Beyond Housing, agreed back last year and on which work is already underway. We are delighted to be partnering with Beyond Housing again, further strengthening a strong relationship which has already contributed to the delivery of highly successful projects across the North East.
“Our record managing largescale mixed tenure housing developments of this kind is well proven. Over 1,000 homes have already been delivered at similar schemes near Redcar (Foxrush Walk) and in Middlesbrough (Bracken Grange) – the former securing a five-star builder status from the Home Builders Federation (HBF).
“Work is also well underway on a mixed tenure project in Sunderland City Centre (West Park Quarter), delivering a further 265 homes on the site of the former council buildings, and on a scheme regenerating an old rail depot into a community of 270 homes in Gateshead (Freight Village).”
Clare Harrigan, Director of Development at Beyond Housing, said: “We are thrilled to continue our partnership with Vistry North East to see the delivery a further 106 much needed high-quality homes in this area of Stockton. Their delivery provides affordable options for both home ownership and rent, supporting the needs and aspirations of both new and existing customers in the area.
“This scheme underpins our commitment to providing services our customers value, homes they want and places they are proud of. Shared ownership properties will soon be available for sale through our Viola Homes brand, with rented properties to be allocated through Tees Valley Home Finder closer to completion.”
A fabric first approach to sustainable construction is to be implemented during the build, involving the use of increased levels of insulation and the installation of air-source heat pumps. The properties will also benefit from electric vehicle charging points and all these measures are anticipated to reduce CO2 emissions to a point where they are over 43% lower than current Building Regulation standards.
The development will incorporate broad areas of green and open space and the inclusion of the Castle Eden Walkway will enhance future residents’ enjoyment of the surrounding area.
The delivery of the project is being supported by grant funding from Vistry Group’s strategic Partnership with Homes England.
