Heath Farm Lane LLP has finalised a deal for Trafford Housing Trust to purchase 74 affordable homes at its flagship regeneration project in Partington.
The joint venture will help local people to get on the property ladder by releasing dozens of homes for shared ownership and rent-to-buy through Trafford Housing Trust and its Laurus Homes brand.
Following Trafford Council’s unanimous approval of their joint application in 2019, Heath Farm Lane LLP was established by Vistry Partnerships and Trafford Housing Trust to oversee the construction of a total of 148 two-, three- and four-bedroom homes at a former National Grid facility off Heath Farm Lane, Partington. The development is one of the region’s largest regeneration projects, with outline consent also granted for a further 452 homes and apartments at the site.
Thanks to the deal, both partners will sell the properties, with 50 Laurus homes available through shared ownership and 24 properties from Trafford Housing Trust through rent-to-buy. Vistry Partnerships’ award-winning housebuilding arm — Linden Homes — is responsible for selling the remaining 74 properties.
Commenting on the deal, Vistry Partnerships’ Managing Director of JVs for the North West, Brendan Blythe, said: “We are thrilled to have finalised the sale of 74 much-needed, affordable homes in Partington. Once complete, these homes will be a major boost the region’s housing supply and help local people to get on the property ladder.
“We are delighted our partnership with Trafford Housing Trust has allowed us to get this deal over the line which will undoubtedly benefit the surrounding community.”
Graeme Scott, Executive Director — Development, from Trafford Housing Trust, commented: “We are really pleased to have formed this partnership with Vistry, because as well as the Partington scheme this joint venture has the potential to deliver several more phases in the future. Partington is the heartland of Trafford Housing Trust, and as well as building new homes we are also building links with the community, including running various projects with Broad Oaks School throughout the development.
“There is a shortage of affordable housing in the North and throughout the country, and this new development is another important step forward in tackling the housing crisis in the borough and beyond.”
Along with a range of family homes, the development includes plans for apartments and public open space, which will provide future residents and locals with quality amenities recreational space.
The joint venture is also running its Construction Skills Academy at Heath Farm Lane, helping local people learn the skills and experience needed to start a career in the construction sector.
With work well underway on site, the first homes are expected to be completed by summer 2021.