Sixty luxury holiday homes are to be built next to the track at Silverstone with access to all major events.

Escapade Living has unveiled details of the radical scheme which was consented at the end of last year and breaks ground in October.

The two, three and four-bedroom homes – around 500 metres of the track – will be sold on 125-year leases with prices ranging from £650,000 to £1.65 million. Owners, it is forecast, will get a net yield from their homes of around 5 – 6.5 per cent.

They will also get access to a clubhouse which will include state-of-the-art simulator rooms, briefing rooms, a gym, swimming pool and sauna, restaurant, bar and private dining room.

Escapade Living chief executive Will Tindall, said: “Escapade Living creates destinations that are entirely of their surroundings, while also providing owners with the opportunity to make a return on unique world-class property.

“The residences overlook arguably the most exciting complex of corners on all of the F1 calendar.

“In our opinion, real luxury doesn’t feel expensive; it feels comfortable and natural. That’s what Escapade Silverstone provides.

“And more than that, it is completely integrated with the circuit – an authentic experience borne out of the world’s foremost racetrack and, as a finished product, baked into it.

“The millions watching Silverstone’s Grand Prix double bill will do so virtually. But as the world unlocks, thousands will return to Silverstone to share the joy and spectacle of speed.

“When they do, we hope Escapade will be the ultimate place to stay as a guest, or as an owner.”

Stuart Pringle, managing director of Silverstone Circuits, said: “Silverstone has always been a centre of excellence from a racing, technology and engineering perspective.

“But we aim to be a global, all-weather destination, welcoming guests from around the world on a daily basis to enjoy motorsport together, and to do it in surroundings which enrich that experience.”

The homes, expected to be in operation by May 2022, have been designed by Twelve Architects with interior design by Michaelis Boyd. Tower Eight provided project management.

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