Hundreds of homes planned for new community by Wainhomes

According to a recent announcement by Wainhomes, a partnership between Wainhomes Seven Valley and the South Gloucestershire Council is being organised in order to deliver hundreds of new homes in support of a new community to the North-East of Bristol.

Specifically, this joint-venture between Wainhomes and the Gloucestershire Council will provide 327 new homes on a 55 acres site at Harry Stoke, as part of a negotiated deal worth £36M, with the first phase of construction entailing the delivery of 150 of the 327 homes.

Should construction progress as planned, the first few homes from this first phase of construction should be available in early 2022, with 116 of the 150 placed on the market through private sale in contrast to the remaining 34 which will be made available through affordable housing schemes.

Under these affordable housing schemes, the nine of the 34 homes will be sold under shared ownership while the other 25 will be made available through affordable rent.

In its entirety, the project is expected to last a total duration of four years, creating up to 500 jobs both during and after the construction process while the local council will receive £4.8M, with £2.2M being donated by the development company towards community projects and with £2.6M being provided by the Government as part of a housing bonus.

The Managing Director with Wainhomes, Carl Haley stated: “As an established developer in the Severn Valley we are delighted to have acquired this site and to be partnering with South Gloucestershire Council to deliver new, high quality homes for the region.

“This further demonstrates our commitment to invest here, provide homes of various tenures and support the creation of jobs and training for local people.”

Other developments by the same property development company in the Severn Valley are planned in Almondsbury Business Park, Tadpole Garden Village, Blenheim Heights, Saxon Meadows, Woodshaw Gardens, and Patterdown.

If you would like to read more articles like this then please click here.

The post Hundreds of homes planned for new community by Wainhomes appeared first on UK Construction Online.