New housing development responds to affordable homes shortage in Leicester Forest East

A brand-new development of urgently-needed Stonewater homes for local people struggling to find good quality affordable housing in the Leicester area, was officially opened this week in Leicester Forest East.

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Leading social housing provider Stonewater has financed the stylish mixed development of 36 homes for affordable rent, social rent and shared ownership in the new Taylor Wimpey Grangewood Manor housing development off Beggars Lane.

Working in partnership with Blaby District Council and Taylor Wimpey, Stonewater’s new development has been designed to provide a mix of tenures to help people with limited funds to spend on housing.

“House prices in Blaby are high compared with Leicester City, which means that many local home-seekers are priced out of the area,” says Chris Montague, Stonewater’s Head of Development (East). “At the same time, there’s a lack of privately rented and affordable homes. The District Council puts the shortfall of affordable properties at around 344 homes a year.

“We have worked closely with Blaby District Council to meet this need and are pleased that this development will help local people to find good-quality homes at a price they can afford.”

Stonewater’s rental homes include a choice of 12 two- and three-bed homes for affordable rent, and 11 one-, two-, three- and four-bed homes, including a two-bed bungalow, for social rent. There are also 13 shared ownership properties within the scheme which are a mix of two- and three-bedroom family homes. These homes, which are specifically for local people who can’t afford to buy on the open market, are being offered on a part-buy, part-rent basis starting at £60,000 for a 40% share of the property.

Four miles from Leicester City centre, the new Stonewater housing community has been designed with outdoor leisure spaces including a children’s activity and play area.

All 36 Stonewater homes at Grangewood Manor are being advertised through Leicestershire’s Choice Based Lettings system.

Stonewater, which owns and manages over 600 homes in Leicestershire, continues to invest significantly in creating more affordable housing across the county. New developments, which will deliver a further 69 affordable homes, are currently underway in Desford, Sileby, Market Harborough and Hamilton.

Claire Black, Assistant Sales Manager for Taylor Wimpey East Midlands, says: “As a responsible housebuilder, we are committed to improving the communities in which we build our new homes, so we are delighted to be providing much-needed affordable homes to this area of Leicester.

“Grangewood Manor will give local residents and key workers alike the opportunity to enjoy life in a high-quality brand-new home within their own community.”

Councillor Terry Richardson, Leader of Blaby District Council, says: “This development is another example of our excellent partnership work with Stonewater and Taylor Wimpey, which has provided a great mix of house types to meet the needs of Leicester Forest East and the wider district.

“With both Blaby District Council and Stonewater’s commitment to affordable housing, we are confident that there will be more properties like this developed in the areas most in need of them in the near future.”