Developer looking to make ‘real difference’ as affordable housing scheme gets underway
Work has begun on a 78-home residential scheme at Whetstone, Leicestershire which could “breathe new life” into the area.
The affordable development, named The Villers, is being delivered by developer Lovell Partnerships in conjunction with housing provider emh homes.
The homes are being built on a former brownfield site within the Whittle Estate.
The first 39 properties have been earmarked for shared ownership and are expected to be on the market by autumn this year, with the overall scheme scheduled to complete by October 2023.
A wildlife corridor located on a former railway embankment to the west of the site is included in the plans.
Stuart Penn, regional managing director at Lovell Partnerships, which opened a new office at Pride Park in Derby earlier this year, said: “It’s great to see the progress being made since we started on site in Whetstone for this important development. Addressing the nation’s housing needs and demand for affordable homes remains a top priority for Lovell, and it’s great to be working alongside our partners at emh homes to make this a reality.
“Shared ownership homes – part rent, part buy – will be available to purchase from 25% to 75% shares at The Villers. This type of scheme is a great opportunity for buyers to get onto the property ladder who may not otherwise be able to, as they will also have the option to purchase further shares in the future.
“We know how hard the market is right now, particularly for first-time buyers, and many are feeling the pressure of the rising cost of living. Hopefully, with schemes such as this one, we can continue making a real difference to communities across the Midlands and beyond.”
Chris Jones, executive director of development at emh, added: “We are delighted that work has started on this formerly disused site in Whetstone. This will not only create much-needed, high quality, affordable homes for both rent and shared ownership, but will also breathe new life into the local area. We are grateful that our strong partnership with Lovell, Blaby District Council, and Homes England, enables us to build the right homes in places where people are proud to live.”
