A Cheshire housing association has struck a deal with housebuilder David Wilson Homes to provide 52 home for shared ownership and “affordable” rent in Wilmslow.
Weaver Vale Housing Trust (WVHT) has signed a contract with the housebuilder to acquire the homes. The £8 million investment this represents makes it the largest development WVHT has undertaken.
The homes will be delivered by Barratt and David Wilson Homes North West division as part of its prestigious David Wilson Homes ‘Stanneylands’ development, in the heart of Wilmslow, which will see 174 new homes built in total over the next five years.
WVHT’s development will include three-bedroom family houses, 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’, the housing association’s new development brand.
“This is an important scheme for Weaver Vale which will see the delivery of affordable homes in an area where both rental and purchase prices are significantly higher than the average, creating a barrier to owning and renting homes for local people,” said Wayne Gales, WVHT’s chief executive, who also serves as chair of housing consortium JV North.
“This is a significant development in our ambitious plans to develop 460 homes over the next four years as part of our wider commitment to tackling the housing crisis across Cheshire and the North West.
“We are delighted to be working with prestigious developer David Wilson Homes to create high quality homes across a range of tenures and enable more people to get onto the housing ladder.”
According to Zoopla, average house prices in Wilmslow currently standing at £456,297, but WVHT says it is aiming to provide a “welcome addition” to the local housing market, claiming its development will allow both first time buyers and families to get onto the housing ladder.
The development is due to be completed in 2025.