Yarlington Housing Group is delighted to be building 37 new affordable homes in Bridgwater, Somerset following strong collaboration between Yarlington and several land owners.
The land, previously used as a playing field for Bridgwater College Academy, has been freed up to build much needed homes thanks to a strong, long-term partnership between Yarlington, Somerset County Council, Sedgemoor District Council and private owners.
On the development, Yarlington’s Executive Director of Growth and Development said:
“We are delighted to be building these much needed affordable homes in Bridgwater. The collaboration between several willing partners is a fantastic demonstration of how housing associations and the public sector can work together to make land available to solve the housing crisis.”
According to the National Housing Federation’s 2017/18 Home Truths report, the average house price in Somerset is more than ten times the average salary. To address this, Yarlington’s new Bridgwater development will provide 37 affordable homes; 11 for shared ownership and 26 for affordable rent.
Yarlington’s shared ownership scheme offers people an affordable route to home ownership by purchasing a share of a property and paying low cost rent on the remainder. Shared ownership also allows homeowners to buy more shares of their home and in some cases, own 100% of the home and freehold.
To deliver the homes, Yarlington has appointed Speller Metcalfe as the main contractor and received funding from Homes England to deliver the 37 homes. Practical completion is expected to be in July 2020.
On the contract, Pre-construction Manager for Speller Metcalfe’s Living Division, Rob Ackerman, said:
“We are excited to start work with our new client Yarlington Housing Group on this fantastic, affordable development in Bridgewater. As house prices and costs of living continue to rise, it is important that we see more schemes like this offer an affordable housing choice to local communities and help reduce the housing shortfall in the south west.”
The homes come as part of Yarlington’s commitment to deliver 1,500 homes across the south west and are one of several new developments Yarlington has under construction in Somerset.