A landmark affordable housing development is being delivered on the Isle of Wight through a close partnership between Sovereign Network Group (SNG), Captiva Homes, and the Isle of Wight Council, providing much-needed, high-quality homes for local people.

The Three Oaks development in Newport saw the first 28 homes handed over to delighted Island families before Christmas.  The site will deliver 145 affordable homes in total, including 87 homes for social rent and 58 homes for Shared Ownership, making it the largest affordable housing scheme to be delivered on the Island in many years. SNG will own and manage the homes, with Captiva Homes responsible for construction, while the Isle of Wight Council has played a central role in ensuring the homes directly address local housing needs for Islanders.

Critically, 100% of the social rent homes will be allocated to those on the Isle of Wight housing waiting list, through a legally binding Local Lettings Plan agreed between SNG and the Isle of Wight Council. This ensures the homes support Island residents already living in social housing, helping to rebalance housing stock, free up larger and smaller homes elsewhere, and reduce pressure on the Island's housing register.

The development has already demonstrated significant impact, with exceptionally high demand for the new homes, reflecting the acute need for affordable housing on the Island.

The Three Oaks scheme includes a range of home sizes and types, carefully shaped through collaboration between SNG, Captiva Homes and the Council's housing and planning teams. This includes the delivery of specialist homes for up to eight-person families, enabling households currently living in temporary accommodation to move into secure, permanent homes.

Each home at Three Oaks is being built to SNG's Homes and Place Standard, a market-leading framework developed to ensure homes prioritise sustainability, health, wellbeing and community creation. The homes are among the first in a new portfolio of standard house and apartment types that achieve over 75% carbon reduction, meeting the forthcoming Future Homes Standard. As a result, the homes will be warmer, healthier, cheaper to run and better for the environment.

Construction partner Captiva Homes has worked closely with SNG and the Council to deliver homes that respond directly to Island needs, demonstrating how strong partnerships can unlock meaningful, long-term benefits for communities.

Jenny Grote, Land and New Business Director (South) at SNG said: “Three Oaks is a powerful example of what can be achieved when housing providers, local authorities and developers work together with a shared purpose. These 87 social rent homes will provide long-term security for Island families, while also helping to unlock much-needed movement within the existing social housing stock. We are proud to be delivering homes that are not only affordable, but high-quality, energy efficient and designed to support strong communities.”

Iain Delaney, CEO of Captiva Homes, said: “This is one of the most meaningful housing projects we've delivered on the Isle of Wight. Working in partnership with SNG and the Isle of Wight Council has ensured the homes at Three Oaks are genuinely shaped around local need, from the mix of homes provided to the delivery of larger family housing that simply hasn't existed on the Island before. It's a scheme that will make a lasting difference.”

Cllr Phil Jordan, Leader of the Isle of Wight Council commented: “The Council's priority is keeping Island residents housed safely and securely, and Three Oaks plays a vital role in achieving that. Through close collaboration with SNG and Captiva Homes, we've ensured these homes are allocated to Island households and designed to meet the needs of families who need them most. This development shows how partnership working can deliver real solutions to local housing challenges.”

Homes at Three Oaks are now being handed over in phases, with further completions scheduled throughout the coming months for both the Shared Ownership and Social Rent homes. The success of the development is helping to inform future housing delivery on the Island, reinforcing the importance of locally focused, partnership-led affordable housing schemes.

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For further press information, please contact the SNG account team at The Oracle Group on sng@oraclepr.co.uk

or call 0208 394 2821

About SNG

SNG (Sovereign Network Group) is one of the largest housing associations, providing over 82,000 homes in areas facing some of the most acute housing need across London and the South of England, with an ambition to build an additional 2,500 homes a year by 2026. It was formed on 1 October 2023 through the bringing together of Sovereign Housing Association and Network Homes.

SNG is a leading builder of affordable homes, including for social rent, and it has a clear pathway to maximise its social and environmental sustainability through its ambitious Homes and Place Standard alongside its planned £100m Community Foundation.

SNG is a member of the G15 group of London's largest housing associations. The G15 is the collective voice of some of the leading organisations in the housing sector. Its members house one in ten Londoners and are the largest providers of affordable homes in the capital, building a quarter of all London's new homes, and owning or managing more than 600,000 homes.