Construction starts on new affordable homes in Buckland Newton
Construction has started on a collection of new affordable homes in Buckland Newton, Dorset for local housing association East Boro.
Located at Brookfields in the picturesque village of Buckland Newton, the two two-bedroom and two three-bedroom semi-detached houses will be for local residents
or those with a strong connection
to the area.
All will be available via East Boro, on an affordable basis – two for affordable rent and two for shared ownership.
Shared ownership provides an affordable way onto the housing ladder. Buyers purchase a share of a property and pay rent on the remaining share. This reduces the size of the initial deposit required and if they want to, purchasers can buy more shares in their property (known as staircasing), eventually leading to outright home ownership.
Commenting on the need for affordable housing in the area Kevin Hodder, East Boro chief executive said: “Over the last year the average house price in Buckland Newton was £627,000, with semi-detached properties selling for an average of £365,000 which are both beyond the reach of many. These four new affordable homes will make a big difference to local residents. Those keen to stay in the area, close to family and friends will have the chance to live in an affordable home, and for those looking to step onto the housing ladder there will be an affordable route to home ownership.”
Developed by Sambec Property Development Ltd the four new affordable homes are being build by local contractor D.R. Jones of Yeovil with the scheme completion date expected to be late spring 2023.
Along with the four homes under construction for East Boro, Sambec Property Development Ltd are also building a further three new homes at Brookfields for open market sale. Sambec director, Susie Humphries said: ““Sambec are proud to have partnered with Kevin and the team at East Boro Housing Trust throughout the design and planning process of this development. We are excited to be delivering this scheme of uniquely designed homes which provide affordable rural living in this beautiful Dorset village.”
Pictured above from the left: Susie Humphries, Director, Sambec Property Development Limited; Mark Humphries, Director, Sambec Property Development Limited; Gerald Duke, Board Member, East Boro Housing; Kevin Hodder, Chief Executive, East Boro Housing; Nigel Reed, Development Officer, East Boro Housing; Darren Robins, Director, D.R Jones of Yeovil.
For further information on Aster Group visit www.aster.co.uk.
Date Posted: Monday 22nd August 2022 @ 09:20