Second phase of £7m Leicester resi scheme kicks off

The second phase of Hamilton Lane, a £7m development of 72 affordable Stonewater homes for rent and shared ownership sale, is now under way in Hamilton, on the north-eastern edge of Leicester.

Part of the new Taylor Wimpey Rainbow Meadows housing development, the new community of 45 low-cost rental homes and 27 shared ownership properties, is being financed by social housing provider Stonewater.

The rental homes will be allocated through Charwood Borough Council and include six one- and three two-bedroom apartments and 36 two-, three- and four-bedroom family homes.

Stonewater is also offering homes for sale on a part buy, part rent basis. These include 14 two-, 11 three- and two four-bedroom houses.

“Our new Hamilton Lane development responds to a chronic shortage of affordable homes in the area, particularly two-bedroom properties which are in high demand,” says Martin Fox, Stonewater regional development manager. “This much-needed scheme will benefit a wide range of people who need a leg up to find good quality housing in the community. We are also delighted to be working with Taylor Wimpey on this smart new development which is creating local employment in the area during its construction.”

The Stonewater Hamilton Lane homes, due for completion in phases between July this year and December 2021, are being delivered in partnership with contractors Taylor Wimpey and Charwood Borough Council.

Rob Curry, sales and marketing director at Taylor Wimpey East Midlands, added: “Rainbow Meadows has been a great success so far, and we were delighted with the number of people who came to see our refitted show homes when they reopened in February. Affordable homes are a key part of all our developments and we are happy to be working with Stonewater to help bring new housing to the Leicester area.”