Sigma Homes Acquires a Prime Site in Thames Ditton to Deliver an £18m Development
West Sussex-headquartered Sigma Homes has acquired a prime 1.2-acre (0.487-Ha) site in the prized Surrey village of Thames Ditton to deliver 26 eco-efficient mixed-tenure homes. Known to be one of the most sought-after neighbourhoods within the county, residential sales values in Thames Ditton can exceed £800psf.
Located off Weston Green, the brownfield site has been purchased from a private landowner, with full detailed planning consent in place. The plans for the £18m scheme feature a range of 14 one-, two-, and three-bedroom apartments, alongside 12 three-bedroom semi-detached houses.
Eight of the apartments are designated for affordable housing, while a further two will be sold under the Government’s ‘First Homes’ initiative, which enables selected first time buyers to benefit from a 30-50% saving on the open market value of the home. The initiative will be coordinated by the local authority and the discount factor will be attributed to the two apartments in perpetuity.
Geoff Potton, Chief Executive of Sigma Homes, said: “We are thrilled to have secured this rare opportunity to deliver much-needed new homes within Thames Ditton. This village is highly sought after because of the connectivity into central London, range of quality schooling, array of picturesque buildings and traditional architecture, the outstanding parkland and riverside, and the thriving high street with cafes, boutique shopping and community facilities.
“Our collection of 26 eco-efficient houses and apartments will enable local people to climb onto or up the property ladder, as well as boosting the village’s supply of high-quality affordable housing. This will be the first Sigma Homes development to offer ‘First Homes’ and with the imminent conclusion of the long-running Help to Buy initiative, we are pleased to be able to cater for those who wouldn’t otherwise be able to afford to buy a home of their own.
“We are already underway with our pre-construction preparations and the team is looking forward to commencing work on site in the New Year.”
All Sigma Homes developments are built utilising timber-frame construction to maximise thermal efficiency. The 12 houses at the newly acquired Thames Ditton development will each be installed with EV car charging points, while the 14 apartments will have access to communal EV charging points. The development also provides ample secure storage for bicycles.
The scheme has been designed in three distinct phases, drawing on architectural references from the local vernacular and bordering character properties. A large, detached villa style property will contain eight affordable apartments. A contemporary-designed mansion property will house six apartments for open market sale and ‘First Homes’. The largest phase will feature the 12 semi-detached houses, with the internal accommodation designed across two and half floors.
The triangle-shaped site is bound by private residences along the western and southern boundaries, while the north east boundary borders Esher Sixth Form College. The development is located half a mile from Thames Ditton train station, which offers frequent 30-minute commuter services into London Waterloo. A further three train stations are also within walking distance. Weston Green School, an independent co-educational school for two- to 11-year-olds, is located within a few minutes’ walk. Local amenities – and bus stops offering connections to the nearby towns of Esher and Kingston-upon-Thames – are found on Hampton Court Way (A309), accessed off Weston Green Road.
Located within the district of Elmbridge Borough Council, the other nearby towns include Walton on Thames – five miles away, and Weybridge – six miles away. The Borough of Elmbridge directly borders the London Borough of Richmond upon Thames and the Royal Borough of Kingston upon Thames.
Headquartered in Horsham, West Sussex, Sigma Homes was founded in 2013. The company currently has five live developments in premium locations across the south of England and is on track to deliver 200 homes per annum by 2025.