Affordable Housing
22-unit Forward Fund Opportunity
Investment Summary
This is a forward fund / forward commit opportunity to acquire the affordable housing element of a newly consented residential scheme in a well-established mid-Essex village. Outline planning permission has been granted for up to 55 dwellings, with all matters reserved except access; 22 affordable units (40%+ of the total scheme) are secured via a completed Section 106 agreement. Tenure mix is set at a minimum 75% Affordable/Social Rented and a maximum 25% Intermediate Housing, in line with the local authority's Local Housing Needs Assessment. Offers are invited subject to reserved matters on a forward fund or forward commit basis — a de-risked entry point into a consented Essex affordable housing scheme with clear local need evidence and a defined delivery timeline.
Asset Details
- UNIT COUNT
- 22
- COMPLETION DATE
- Indicative – early 2029
- TENURE
- Min 75% Affordable/Social Rented · Max 25% Intermediate Housing
Unit Mix Summary
Tenure mix (per S106):
| TENURE | SHARE |
|---|---|
| Affordable / Social Rented | Minimum 75% |
| Intermediate Housing | Maximum 25% |
Identified local housing need:
| UNIT | TARGET |
|---|---|
| 3-bed 5-person rented houses | Prioritised |
| 1-bed 2-person accessible bungalows | Prioritised (older people / disabilities) |
Accessible bungalows to be semi-detached or terraced, fitted with wet rooms/showers, let at Social Rent.
Location & Lifestyle
- Greenfield site bordered by mature woodland and hedgerows
- Within walking distance of local amenities including a primary school
- Established mid-Essex village setting
Development Overview
Planning Position
Outline planning permission has been granted for up to 55 dwellings, with all matters reserved except access. A planning appeal was allowed in 2026 following the outline application, and the Section 106 agreement was completed in March 2026.
Indicative Programme
| MILESTONE | DATE |
|---|---|
| Reserved matters submission | May 2027 (targeted) |
| Construction start | August 2027 (targeted) |
| Build programme | c.18 months (whole site) |
The Opportunity
Offers are invited subject to reserved matters for the affordable housing element, structured on a forward fund or forward commit basis (a hybrid bid structure is welcomed). This represents a de-risked entry point into a consented Essex affordable housing scheme with clear local need evidence and a defined delivery timeline.
Successful bidders will be required to provide AML documentation at Heads of Terms stage. All bids are subject to statutory Anti-Money Laundering checks. For further information, including the full S106 agreement and site particulars, please contact PRSim under NDA.
Particulars are given without responsibility on the part of PRSim or the seller/landlord and do not constitute an offer or contract. Prospective buyers should satisfy themselves as to the accuracy of all information, including price, availability, dimensions, specification and VAT position, and should not rely on computer-generated images. PRSim accepts no liability for any variation or discrepancy save where caused by its own negligence or fraud. All bids are subject to statutory Anti-Money Laundering checks; successful bidders will be required to provide AML documentation at Heads of Terms stage. Planning consent is at outline stage only; reserved matters approval (layout, scale, appearance, landscaping) is still required before construction can commence.
