New affordable homes for Waddon

Hyde are working with the London Borough of Croydon to build 126 affordable homes close to Waddon railway station. The new homes, which will include 56 for affordable rent and 70 for shared ownership are due to be ready in autumn 2025.

The homes will surround a green space for the community to enjoy, which will also include natural play equipment and allotments for residents. There’ll also be EV charging and a public art installation.

Hyde’s Development and Sales Director, Steven Morrice, said: “We’ve been committed to this scheme for a number of years, which was unfortunately delayed after the original contractor became insolvent. It’s great to see the progress being made on these much-needed affordable homes.”

This is Hyde’s first project with contractor Formation Design & Build, which began building the two low-rise blocks of apartments, duplexes and town houses in January 2024.

Formation Design & Build CEO, Sean O’Brien, said: “We’re pleased to be working with Hyde to deliver these sustainable, energy-efficient and high quality homes. This development will have a really positive impact on the local community.”

Steven Morrice added: “This is a great example of what we can achieve when we work closely with the Greater London Authority and local authorities.

“Thanks to our strategic partnership with the GLA, all the homes will be affordable, rather than the 30% originally approved via planning. These partnerships are vital, if we are to deliver the thousands of genuinely affordable homes needed across Greater London.”

For more information on New affordable homes for Waddon talk to Nationwide Sureties