The University of Salford’s former student village, Castle Irwell, will create 500 new homes for residents in new development plans.
The development will transform the derelict village into a housing estate, including a primary school, sports facilities and shops.
Despite 500 new homes being made, none of the new houses will be classed as affordable.
The ground is currently owned by the University of Salford. Blueprint plans were accepted last week and include family homes and waterfront flats.
The land has been classed as low value by the council, and therefore developers are under no obligation to make any of the housing affordable.
There is currently no way for the value of a piece of land to be changed once it has been agreed by the council. This is despite the value of land often increasing.
A University spokesperson said: “The details of ‘housing type’ including affordable housing on the development are a matter for the planning authority and the developers themselves.
The University has provided the land for a school to be built on the site and also finding for sports as a result of this development.”
Euan Kellie Property Solutions and the University have come together to plan the overhaul of the 36 acre site.
Euan Kellie founder and co-director of EKPS said: “Delivery of this ambitious scheme by the University of Salford will greatly broaden the housing offer in the city and contribute to a more balanced mix of housing.
“The provision of a new school and sports facilities is also key to attracting young families to what will be a new community for Salford.
“Local people and community stakeholders have supported the plans and we look forward to continue working with them, the university and the council to make these plans a reality.”