We set out below some current and past projects that illustrate the various work we undertake with Schools.
Homes Development - Downside School
In March 2019, 333 Homes signed an agreement with the Downside Abbey General Trust for the conditional purchase of 1.22 hectares of land at Abbey Road in Chilcompton, Somerset.
333 have applied for permission to build 16 executive 5 bed homes on the site. The homes vary in size, ranging from 240 m² to 262 m² and target the local school parent market. Although the site is outside of current development limits, it is bounded on three sides by existing housing stock and has a strong chance of achieving consent.
The scheme is enabling School development and growth, as the Downside Trust have an urgent need to generate approximately capital to enable essential repairs to the Grade 1 Listed Downside Abbey.
Master Planning - Eastbourne College
In 2020, 333 completed a Master Plan exercise for Eastbourne College Incorporated (“ECi”) to create a deliverable plan for the future of the ECi Estate and the two Schools’ development.
The 280 page report goes beyond a traditional overview and visions statement for school facilities. Instead, it looks in depth at the entire property assets of the Schools, their existing and future utility and sustainability. The Master Plan considers the long-term needs and short to medium term requirements to meet this future strategic vision. It seeks to enable the Schools owned by the charity to maintain existing operations and performance as an institution and also maps out a plan for growth, modernisation and adaptation to the future.
The Plan considers the existing operations, its Estate holdings, the priorities and hierarchy of future needs for the Schools and considers how this can be afforded and managed. It looks at selling underutilised or surplus assets, sources of innovative financing and other new approaches to the Estates’ management. It then sets out how new developments can be brought forward and are to be funded and how part of these proceeds can be used for the betterment of the Schools to cement their position in the sector and strengthen their future.
Numerous opportunities to bring forward highly profitable development have been identified across the estate, which will both fund the Schools’ future development and provide profit sharing opportunities to the Charity’s development partners.
Homes Development - Butleigh II (Former Butleigh Hospital site)
333 Homes’ parent company owns a site at Butleigh, which is the Phase II land of the development of the site of the former Butleigh Hospital.
333 successfully delivered Butleigh I and is now looking to promote the Phase II site.
Today it is an unused but serviced agricultural field, within a small attractive village close to Millfield School. We partner on the site with Bridgeman Ltd and have agreed the funding of the build costs for Phase II. Bridgman Ltd has a 50% share of profit after all costs.
The initial application will be for 20 dwellings of mixed sizes and with the Affordable on-site. If successful, this will secure the land as a housing site. A second application will then be made with Affordable off site, and 10 executive houses of approximately 2,500 sq ft to match our highly successful Phase I development.