The development will introduce 184 affordable homes and state-of-the-art Co-Living
spaces near North Sheen Station.
Leading property investor-developer Avanton has secured fresh private capital to advance
the redevelopment of Manor Road in Richmond. With construction planned to begin at the
end of 2025, the pioneering project will deliver 184 much needed affordable homes,
innovative Co-Living spaces, and thoughtfully optimised housing solutions designed to meet
evolving market demands.
The site will be spilt into three phases which will provide:
• 40% affordable housing aligned with existing planning consent.
• Co-Living spaces featuring modern amenities (including a gym, dining area, co
working spaces and rooftop gardens).
• Market-friendly housing mix with accessible units averaging 60 sqm, desirable to
first-time buyers and investors.
The revised plans incorporate the provision of circa 350 Co-Living units, also known as
purpose-built shared living (PBSL), considering the latest guidelines from the GLA. Designed
with an average area of 25 sqm per unit, these spaces target the high demand from young
professionals seeking community-driven living options. Data from existing London sites,
supported by Gerald Eve surveys, shows that residents typically remain in Co-Living spaces
for 9 to 12 months, with 12 to 18 months being the second most common duration. Given the
site’s immediate proximity to North Sheen railway station and a 22-minute commute to Central
London, it is expected to be one of West London’s best-performing PBSL assets, located in
the best location to live in reported by the Sunday Times.
The market housing will predominately be efficient one- and two-bedroom apartments, totalling
200 units overall. The planning application is expected to be submitted in the summer and
considered by the end of the year.
Omer Weinberger, Chief Executive Officer of Avanton said: “Avanton as a team has been
extremely creative and dynamic in bringing forward this excellent site. It is a sign of times when
owner-occupiers are unfortunately squeezed out of the market given high interest rates, but
we have decided to design more compactible and affordable units to allow first time buyers to
access Richmond.
Co-Living is an asset class we feel very comfortable about, given our delivery of another
scheme of 440 units several years ago in Brent. We strive to create living spaces that
encourage longer-term stays and offer a true sense of community, providing tenants with a
place they can call home.
It is great to start the year with several transactions completed and several more in solicitors
hands. The market is challenging, but we are seeing private investors recognising that there
are now unique opportunities available which can withstand the economic challenges we are
facing, and still deliver excellent returns.”
For further information Manor Road contact Avanton on Email: info@avanton.co.uk orvisit
www.avanton.co.uk