Construction of 10 new affordable, family homes in a popular County Durham village could start within months after planning permission was granted today.
The three-bed homes are part of a project to give hard-working families the opportunity to take their first step on to the property ladder and will be available under a rent-to-buy programme by believe housing.
Rent-to-buy is a government scheme designed to ease the transition from renting to buying a home by providing subsidised rent; usually around 20% below the market rate.
Being built in Surtees Avenue, near the centre of Bowburn, the homes will feature the latest standards in heating and insulation, reducing energy costs for families
believe housing Development Manager, Tom Winter, said: “Bowburn has been chosen for the development due to high demand for affordable homes in the area.
“By offering these rent-to-buy properties we are able to help families who aren’t quite able to buy their own homes using traditional methods to take a step on to the property ladder. They’ll be able to build a long-term future in Bowburn, contributing to the future of the village.”
believe housing will start the process for appointing a contractor in the New Year and will work closely with the successful contractor to ensure that disruption to nearby residents is kept to a minimum during the work. Work is planned to begin during summer 2018, with completion expected in 2019.
The homes in Bowburn are part of programme of construction across the region by believe housing. In total 300 new homes will be built by the group on 17 sites between now and 2020. Each site is being tailored to the needs of the local community with properties ranging from wheelchair accessible bungalows to three-bedroom family homes. As well as rent-to-buy opportunities, many homes will be available for affordable rent too.
It is anticipated that the £32m investment in new homes across the region by believe housing will create 100 jobs and apprenticeships.