Much-needed affordable housing community opens in Stanford

A smart new community of 28 much-needed affordable Stonewater homes has been opened this week in Stanford in the Vale, Oxfordshire.

Faringdon Road

The new one-, two-, three- and four-bedroom homes for affordable rent and shared ownership in Faringdon Road, have been developed by leading social housing provider Stonewater in partnership with Vale of the White Horse District Council, Stanford in the Vale Parish Council and contractors David Wilson Homes.

The properties, which have been built to meet the needs of young people, couples and families struggling to find affordable housing in the village, offers four one-bedroom apartments, a two-bedroom apartment, ten two-bedroom and four three-bedroom houses, and two large four-bedroom family houses for rent. The scheme also includes five two-bedroom and two three-bedroom shared ownership houses which were purchased on a part rent, part buy basis starting at £96,000 for a 40% share.

“High private rents and unaffordable house prices in the Stanford area are forcing young people and their families out of the local community and further from where they live and work,” says Chris Montague, Head of Development for Stonewater. “These new homes address a real need both in the village and in the wider Vale of White Horse District area for genuinely affordable homes which are vital to sustaining local shops, businesses and services. We hope that all our new residents will enjoy living in them.”

Each of the new Stonewater homes has been carefully designed to complement the village’s architectural character with traditional natural stone facades, stone slate roofing and pitched roofs.

Councillor Elaine Ware, Cabinet Member for Housing and Environmental Health at Vale of White Horse District Council, says: "Unfortunately home ownership is increasingly out of reach for many young families. This new development makes an important contribution in tackling this issue and helps to ensure that the Vale has affordable and sustainable areas to live in."

Stonewater has also just started work on a nearby development of 91 new affordable homes in Chipping Norton.