Affordable flats planned at Peterborough’s former Bayard Place offices

Affordable flats are being planned at Peterborough’s former Bayard Place offices in Broadway.

Wednesday, 10th March 2021, 4:49 am

Planning permission for 115 flats at the site - now called Bayard Plaza - has previously been granted by Peterborough City Council.

But now the Cambridgeshire and Peterborough Combined Authority is planning to convert 40 of those from market units into shared ownership units which are easier to afford.

Under the plans there would be 20 two-bedroom units which would not meet Nationally Described Space Standard, as well as 20 which would.

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The former Bayard Place offices in Broadway

In total, the combined authority - led by metro mayor James Palmer - is planning to spend £2,168 million on converting 60 market properties into affordable homes across four sites through specialist shared ownership provider heylo housing.

The money is part of a £170 million devolved budget given by the Government to the combined authority when it was established in 2017 to spend on affordable homes.

Of that total, £70 million was ringfenced for Cambridge.

The former offices were sold by the council for £5.95 million to Bayard Place Limited despite being on the market for £6.2 million.

The offices were used for people to access housing advice, customer services, the police and free self-serve computer access.

Those services were then moved into a new Customer Services building in Bridge Street.

A decision on whether to approve the conversion of the flats to shared ownership use will be made by the combined authority’s Housing and Communities Committee on Monday.