New housing development beginning to feel like home as owners make move
THE first owners on a brand new housing development are now making themselves at home.
The residents are the first to move into the £12.5 million housing development which is bringing 63 new homes to Fradley.
Designed and built by housing and care provider Greensquareaccord based in West Bromwich, the development is a mix of two, three and four bedroom homes available to buy through outright sale or as part of the shared ownership scheme.
Alison Jayne Smith, who has bought one of the new homes, said: “My new home is amazing. I was renting in Birmingham city centre but wanted to move somewhere quieter and more rural, where I could enjoy walking my dog and have a garden.
“Buying through shared ownership has allowed me to buy a bigger house, at a great price, in an area I love.
“The quality of my new home is great and it’s a really good size – I couldn’t be happier.”
Mark Patchitt, regeneration director at Greensquareaccord, said: “We are delighted that our Kings Meadow development is providing an opportunity for people to get on the property ladder and buy a high-quality home in a desirable location.
“The new homes have been designed and built by our own in-house team, using timber panels manufactured in our low carbon Local Homes facility in Walsall. I’m sure the new residents will be very happy living here.”
The development has been supported by £1.5 million funding from Homes England.
Work on the development started in June 2019 and is due to be completed by the autumn.
Shared ownership helps to make a home more affordable by allowing people who qualify to purchase a share in the property, reducing the mortgage and deposit needed.
They then pay rent on the part of the house they do not own.