Latest development working towards meeting Shefford’s shared ownership demands

Local councillors and residents are celebrating the completion of 49 affordable homes in Central Bedfordshire.

Shefford scheme opening RESIZED.jpg

The brand-new homes on Campton Road, Shefford have been developed to meet the housing demands of local people by leading national housing provider Stonewater, with the support of Central Bedfordshire Council.

Delivered by housebuilder Bovis Homes, the development features one-bedroom flats, two-bedroom bungalows and a mix of two to three-bedroom houses. More than half of the homes have been allocated for affordable rent, and 18 houses have been made available for shared ownership.

The average house price in Shefford is around £332,144 and saving for a deposit large enough to buy a home in the area has become unachievable for many, especially when you add in the additional costs associated with buying a property. This has resulted in a high demand for shared ownership properties in the area, according to a recent survey.

Stonewater’s shared ownership tenure is a part-buy and part-rent scheme which is a realistic and affordable way to purchase a brand-new home. Offering a more suitable option for families and individuals wanting to get their foot onto the property ladder.

Chris Montague, Assistant Director of Development (East), said: “Given that the average home in Shefford costs £296,393 at Stonewater we understand why more people want to explore shared ownership housing and so, we are pleased to be delivering this development in Shefford with Bovis Homes. In addition to our shared ownership offering, we’re also delighted to be bringing 31 homes to the area for affordable rent, helping us towards our vision of giving everyone the opportunity to have a place they can call home.”

Cllr Anthony Brown from Central Bedfordshire Council (Shefford), said: “'We all know of the difficulties faced by our residents including our children to buy their own homes in the town, so it was very pleasing to visit the Campton Road site in Shefford which when complete will provide 49 properties. On viewing the properties, it was evident that they had been built to a good quality standard and as such I am sure they will help to reduce the ever-growing local list of affordable housing requirement.”

Robin Hambrook, Bovis Homes Divisional Partnership Housing Director, said: “We love building in Bedfordshire and are proud to deliver another important affordable homes scheme alongside Stonewater. These homes are at our popular Campton Fields development in Shefford, which is in a fantastic location, ideal for those looking to be part of a lively, thriving community. We look forward to working together again with Stonewater in the future to build more homes, bring more jobs and boost local economies.”