New affordable rental homes get under way in Yeovil town centre
Construction has started on Queensway Place, a brand new development of 24 Stonewater apartments for affordable rent in Yeovil town centre for local people.
The four-storey apartment block which is being built on a 0.44-acre former car park site – where once the old Huish public swimming pool stood - aims to help address the shortage of affordable homes in the town centre. The new development - due for completion next year - is close to the Tesco store and just a short walk from the rest of the town centre.
Leading affordable housing provider Stonewater is working with South Somerset District Council, and main contractor Titan Group, to deliver the much-needed apartments which will provide a mix of eight one- and 16 two-bedroom rental homes with landscaped ground-floor gardens and parking.
“I am delighted that once again a relatively small investment from the Council’s funds has helped one of our housing association partners to bring in over three times as much from Central Government sources to create much needed housing in the district,” says Council Leader, Ric Pallister.
A capital grant of £139,000 has been made available by South Somerset District Council to help finance the scheme which has helped to bring in a further £ 457,607 from the Homes and Communities Agency.
“Stonewater is committed to providing the right type of affordable homes for local people in locations like Yeovil town centre where they are most needed,” says Joanna Barnard,
Stonewater Development Officer. “These new flats will help local residents, particularly young people on modest incomes who cannot afford high private rents in the town, to live and work close to their family and friends. The new housing community will also bring more shoppers direct to the high street, boosting local trade, without adding to the carbon footprint by needing to drive.”
Queensway Place is the latest affordable housing scheme Stonewater has delivered through its successful partnership with South Somerset District Council. The housing provider currently manages over 800 homes across the District.
Martyn Stephens, Titan Group Regional Managing Director – Construction, comments: “We are delighted to be part of such an important residential development for our local community that is in keeping with our ultimate vision of significantly contributing to the Government's target of 260,000 new homes by 2020.”