A multimillion-pound affordable housing development is to be built in one of the UK’s most glamorous towns, Wilmslow. The 52 shared ownership and affordable rent homes will be developed by Weaver Vale Housing Trust‘s new shared ownership and sales brand, Prospa Homes.
The homes are being built by the Barratt and David Wilson Homes North West division as part of its David Wilson Homes ‘Stanneylands’ development, in the heart of Wilmslow, which will see 174 new homes built in total over the next five years.
The development will include three-bedroom family houses, featuring generous outside spaces, one and two-bedroom duplexes, and one and two-bedroom flats all with high specification interiors. The shared ownership homes will be marketed under ‘Prospa Homes’, Weaver Vale’s new development brand.
All properties will be available for affordable rental and with shared ownership sales starting at £72,000* for a 40% buying share, it’s hoped these homes will enable local people that are currently priced out of the local market, to get onto the housing ladder.
Wayne Gales, Chief Executive at Weaver Vale Housing Trust, said: “This development will make a real difference in enabling local people to get a foot on the housing ladder in an area where high house prices have meant home ownership has been out of reach for many.
“This is our largest development to date in our ambitious plans to develop 460 homes over the next four years. This is part of our wider commitment to tackling the housing crisis across Cheshire and the North West.
“We are delighted to be working with David Wilson Homes to create high-quality houses across a range of tenures to enable more people to get onto the housing ladder.”
The scheme is part of a wider housing development by Barratt and David Wilson Homes North West division, which will include 174 properties for sale.
With average house prices in Wilmslow currently standing at £456,297**, Prospa Homes is aiming to provide a welcome addition to the local housing market by offering shared ownership homes available from £72,000 for a 40% share, allowing both first time buyers and families to get onto the housing ladder in this sought after Cheshire town.
The development is due to be completed in 2025.
*Price denotes the cost of buying a 40% share of the full market value. Buying shares range from 25%-75%. Figure correct at time of going to press.
**Figure correct at time of going to press, information from Zoopla August ’19 for Wilmslow, Cheshire.