Strong demand for affordable village homes
High levels of interest in newly-built homes released during Rural Housing Week have underlined strong demand for affordable housing in Coven.
We are marking the annual national celebration of rural housing by showcasing 26 new homes on a development in the village. Thirteen of the homes in Saredon Gardens will be available for shared ownership and the remainder will be for social rent.
“It is some years since affordable housing has been built in Coven and the level of enquiries that we have already received demonstrates how difficult it is for people to find a home outright in these village communities,” said Housing Plus Group development director Kerry Bolister.
“In Rural Housing Week we’re not only focussing on the demand for this kind of property but also highlighting the vital role that affordable housing plays in sustaining thriving villages. Incoming families support village schools and shops and new residents help to maintain the local facilities that create such a strong sense of community.”
Shared ownership opportunities for two and three-bedroomed homes in Saredon Gardens start at just 25% of the property value, making it possible for more buyers to get onto the first rung of the property ladder. Purchasers can ‘staircase’ or increase the share of the house that they own as their circumstances change. Importantly, the shared owners can never buy more than 80% of the value of their property, meaning that the homes will provide a long-lasting shared ownership resource in the village.
“We know that shared ownership can be life-changing for purchasers, particularly in rural communities where it is so difficult to get a foothold in the housing market. The release of the first homes onto the market was a marvellous way to celebrate Rural Housing Week,” said Kerry.
Our Group has invested £20m in rural housing schemes over five years and confirmed plans to build up to 220 homes on residential development land in the south Staffordshire village of Perton. We are committed to tackling the housing crisis in our communities and have committed to starting work on 2000 new homes for rent, shared ownership and outright sale by 2023.
Further details about the shared ownership properties in Saredon Gardens can be obtained from Severn Homes.