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We have finalised a deal to acquire land in Gloucester for a new 100% affordable housing development.
We completed the purchase of the 2.5 acre site at New Dawn View from Gloucestershire County Council at the end of last week. The land, which is next to the Crypt School, was granted outline planning permission for 30 new homes last year by Gloucester City Council last year who stipulated that six of the homes being built should be affordable. However, we will now make all 30 homes affordable, with 19 available for rent and 11 available to part-buy, part-rent under our shared ownership scheme. The new homes will be a mix of semi-detached houses and maisonettes.
Senior Land Manager Giles Spencer said: “We’re delighted to have concluded the purchase of this latest piece of land for our development programme that will provide affordable homes for 30 families in Gloucester. As our recently published half-year results show, we’re in a very strong financial position and are continuing to work on new opportunities for additional sites across the West Midlands and West of England to accelerate our in-house development programme.
"As the biggest housing association in Gloucestershire we are always on the lookout for new development opportunities in the county and are pleased to have finalised yet another deal with this site in Gloucester. We’re particularly pleased that Homes England funding will enable all 30 homes to be for affordable home ownership or rent because we know there are thousands of families waiting for affordable homes in the city’.
“We focus on where we build our new homes to ensure there are amenities nearby that will help our customers to thrive when they move in. With the local schools, community groups and the new Blackbridge Community and Sports Hub we’re sure our future customers will be very happy in these homes.”
We will be submitting a reserved matters planning application in early 2025 and its in-house construction team is aiming to start work on site in 2026.
This is our latest successful land purchase in Gloucestershire, following the acquisition of land in Matson for 217 homes January and in Cheltenham where it will build 180 homes.
We are on site on several developments across the county, including a 100-home development at Delavale Road in Winchcombe, 71 new homes at The Fairway in Cheltenham and 55 new homes at Dudbridge Hill in Stroud.