Construction starts on 41 affordable homes in Waterlooville
Stonewater, one of the region’s leading affordable housing providers, has celebrated the start of construction on a new £4.8 million affordable housing community of 41 homes in Waterlooville this week.
Stonewater is working with Havant Borough Council, Winchester Council and residential developer Taylor Wimpey, to build the scheme off Auger Row, which sits within the 103-home Wellington Park residential development, at Old Park Farm in Hambledon Road. Wellington Park is part of the new Phase 5 West of Waterloo urban extension to Waterlooville which will provide 4,000 new homes over the next few years, 40 per cent of these will be affordable.
The Stonewater properties will offer a mix of one- and two-bedroom apartments and two- and three-bedroom houses with private gardens and parking provisions. Twenty-two homes will be for affordable rent and 19 for low cost shared-ownership. The first 17 Stonewater homes will be ready for handover within the next 12 months.
Demand for one- and two-bedroom homes
The properties, which have been designed to be energy-efficient and economical to run, will benefit from good transport links to nearby Portsmouth, local services, schools and amenities.
“We’re delighted to be starting construction on these attractive new homes which will help meet an urgent need for affordable housing for local people in the area, particularly a demand for one- and two-bedroom homes,” says Marie Riordan, Stonewater Regional Development Manager.
“This new development will be particularly attractive to young people and families who are struggling to find suitable good quality accommodation in this part of the county where the average home costs £292,829, more than ten times the average annual salary. We are looking forward to working with Taylor Wimpey, Havant Borough Council and Winchester Council on this important housing project.”
“This latest scheme at the successful Waterlooville Major Development Area by Stonewater shows there is a market appetite to buy and sell the new homes, this demand demonstrates that more homes are needed in our area,” says Andrew Biltcliffe, Head of Planning for Havant Borough Council. “Havant Borough Council will continue to work with developers and our communities to bring forward new high quality developments that benefit prosperity of the whole borough.”
Stonewater currently owns and manages 1,537 properties in Hampshire and the new development at Wellington Park is one of seven in-progress developments which will create an additional 262 new homes in the area.