Plans for a £29million residential development of over 140 new homes along Leamington Spa’s canal side have taken a step forward.
Orbit Homes has announced plans to build 143 high-quality homes for sale, shared ownership and affordable rent on a brownfield site at Sydenham Drive.
With the most recent house prices as given by Rightmove averaging at £281,888 in Leamington, and a growing demand for homes in the town putting homeownership out of reach for many, the development will provide a range of housing options to help people on to the housing ladder.
Offering canal-side living, the new development will bring 55 homes to the open market, as well as 39 homes available for shared ownership and 49 for affordable rent.
Orbit Homes is expected to begin work on the former Soans’ Ford dealership site this month, after completing the land purchase in the first week of March.
Due for completion in spring 2018, the new homes will be delivered in partnership with Deeley Construction.
Chris Jones, development director at Orbit Homes, said: “We are incredibly excited to have completed the purchase of the land, and begin to bring to life our plans for this canal-side development.
“The housing market in Leamington Spa, along with much of the country, means there is a housing shortage, especially at affordable prices. This development will create more housing options and provide quality homes to meet people’s needs and aspirations.”
Martin Gallagher, managing director of Deeley Construction, said: “We are very pleased to be working in partnership with Orbit Homes on another project that will deliver much-needed new homes in the region.
“We are more than contractors in a project of this nature – we work as partners in bringing about the best possible results for the client.
“The Deeley Group has been involved in moving this site forward for several years now and we are delighted to be undertaking the work on these brand new homes for Leamington.”
As part of the 39,000 home Orbit Group, Orbit Homes is the UK’s third largest developing housing association building around 1,500 homes a year.