Stonewater and Halsall Homes kick off first joint venture development
Building work has started on Stonewater and Halsall Homes’ first joint venture development in Exeter.
The development, known as Nursery Gardens, brings a total of 20 new homes to the Monkerton area of the city.
Nursery Gardens offers nine three-bedroom houses and four four-bedroom houses, for sale.
This is the first time the housing association has purchased land in conjunction with Halsall Homes, as a joint venture to build new homes.
The scheme will also offer seven affordable homes for local people included are five properties for social rent – comprising a wheelchair accessible one-bedroom flat, a two-bedroom flat, two two-bedroom houses and a four-bedroom house – and two three-bedroom houses for shared ownership.
All homes have been designed with great attention to detail and offer a range of contemporary kitchens and bathrooms.
Each property will boast double glazing, high levels of insulation and low energy light fittings. All plots will benefit from gardens, parking and garages
Matt Crucefix, Director of Development (South and West) at Stonewater, said: “We are delighted to be once again working with Halsall Homes and excited to be embarking on our first joint venture with them.
“Together we’ll be creating a range of quality homes which will help meet the pressing need for affordable housing in this area, as well as enabling aspiring homewners to get their foot on the property ladder.
“The scheme will offer a varied mix of family housing and we look forward to welcoming our first new residents by the end of this year.”
Simon Jenvey, Development Manager at Halsall Homes, said: “It’s great to have struck this deal with Stonewater given their prominence as a housing provider and we are both looking forward to delivering quality homes on the scheme."
Prior to this scheme, Stonewater and Halsall Homes successfully worked in partnership to bring other much-needed affordable housing to high demand areas; including a 15 home Rent to Buy development, Balsam Park, in Wincanton.