A development of 33 new affordable homes in South Normanton has officially been completed.
The scheme at Carter Lane is the first Futures Homescape development in South Normanton and the biggest for the Ripley-based housing provider in Bolsover district to date.
New tenants have moved into the £3.4 million Futures Homescape scheme which features a mixture of two and three-bedroom homes and a one-bedroom flat.
Futures Homescape partnered with Westleigh Developments and Bolsover District Council to deliver the scheme, which received investment of £750,000 from the Homes and Communities Agency.
The completion of the Carter Lane development closely follows the start on site at another development in South Normanton which will see seven new semi-detached properties built in New Street.
Futures Homescape is partnering with developer Chevin Homes on the £710,000 development which has received a HCA grant of £154,000 and £59,000 funding from Bolsover District Council, which it secured as part of a planning obligation associated with development within South Normanton, and is set to be completed in December 2015.
Paul Parkinson, executive director of Futures Homescape, which is part of Futures Housing Group, said: “We are pleased to be able to welcome tenants into affordable homes of a very high quality and delighted to have completed what is our first development in South Normanton and our biggest in Bolsover district to date, and I’d like to thank Bolsover District Council for their support on this project.
“This is a marker for us extending our reach and an important milestone in our commitment to build another 1,000 homes across Derbyshire and Nottinghamshire between now and 2020.
“It is great to be able to continue the momentum in South Normanton by following up the completion of the Carter Lane development by starting on site to build another seven homes in New Street.”
A recent report by the National Housing Federation revealed house prices in the East Midlands are set to rise from an average of £170,000 to £212,000 by 2020, an increase of more than 20 per cent. The NHF also estimates private rents will increase by 30 per cent the same period.
Gary Turner, head of investment & partnership at Westleigh Developments, said: “This new development at Bolsover is a great example of a partnership working to breathe life into vacant areas of land.
“We are delighted to see residents moving into these new homes and to have worked with Futures in not only building this development, but also creating new opportunities and investment for the local economy.
“This scheme is one of many being built by Westleigh across the region and we are proud to provide much needed housing for local people in the county of Derbyshire. Over 400 new affordable homes will be built by 2015 and we are currently looking to further that commitment to meet rising demand.”
Coun Alan Tomlinson, Bolsover District Council’s cabinet member for regeneration, said: “This is a fantastic development and one we are proud to have been a part of.
“Finding the right home at an affordable price - especially with the recent welfare reforms – is becoming harder and harder, so we are delighted that this development has been completed and we are certain it will meet the housing needs of the local community.”
Dan Stack, director of Chevin Homes, said: “We are pleased to be working with Futures Homescape on the development of seven new homes in New Street.
“We are delighted to be able to maintain the momentum of creating high-quality new affordable homes in the area, and we are looking forward continuing this with other schemes due to start later in the year.”