The project will be built on a 4.5-acre brownfield site in the town’s Kempston area, an easy commuting distance from central London.
It will comprise 150 one-bed, 155 two-bed and eight three-bed apartments, as well as 24 three-bed and four two-bed townhouses.
Out of the 341 residential units, 16 will be affordable homes available under shared ownership.
“This will be a substantial development that improves housing stock in an extremely popular commuter location.,” said Vanessa Bartulovic, planning director for the South at MCR Property Group.
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“We’ve designed these homes to be very attractive from an affordability perspective, and this will put the scheme in pole position to benefit from growing interest in better value homes outside the capital, offering a taste of the countryside as well as easy access to London.”
The development will be designed by Salford-based architect Leach Rhodes Walker.
A construction partner is yet to be appointed for the development phase, but the entire project is anticipated to complete by the end of 2024.
“Repeated lockdowns have prompted widespread adoption of home working and this shift is not going to be completely diminished once the pandemic subsides,” added Vanessa.
“Workers are embracing a new relationship with offices, and it is areas such as Bedford that are going to provide families and young professionals with the flexibility they desire.
“Residents will be able to escape to the country and equally feel that their central London office is within close reach.”