Housing to meet local demand gets underway
Leading housing provider Stonewater is set to acquire 33 affordable homes on Taylors Road in Stotfold, next year.
A total of 95 homes will be built at the development by homebuilder Taylor Wimpey and construction work is already underway.
Situated close to the border of Hertfordshire, the future residents of Taylors Road will have great transport links to large nearby towns like Letchworth Garden City, Hitchin and Baldock.
The Stonewater homes will support Central Bedfordshire Council in meeting local housing demands, with the development featuring a mix of two, three and four-bedroom houses as well as two-bedroom apartments.
A large majority of the Stonewater homes will be available for affordable rent, giving families and individuals the opportunity to have a place that they can call home.
The development is also set to include nine shared ownership properties, which is a part-rent part-buy scheme that gives more people an affordable way of getting their foot onto the property ladder and investing into their first home.
Chris Montague, Assistant Director of Development (East) at Stonewater, said: “Stotfold is a growing town, which extends over an area of 2207 acres and a current population of approximately 9,000 people. While there is a large percentage of owned and mortgaged homes in the area, there is a lack of affordable homes, resulting in a number of families and individuals moving out of the town and out of close reach of relatives.
“Stonewater has already brought a number of developments to the Bedfordshire area to meet local demand and we look forward to working with Taylor Wimpey, once again, as this development takes shape.”
Fiona Lloyd, Sales and Marketing Director at Taylor Wimpey South Midlands said: “At Taylor Wimpey, we’re proud not only of the new homes we build but also of the new communities we create and we’re looking forward to bringing much needed new homes to Stotfold.”