Ten new affordable homes bring new life to disused industrial estate in Chard
A ribbon-cutting ceremony has celebrated the opening of Rosebank, a smart new development of Stonewater affordable homes built on a former disused industrial estate in Millfield, Chard.
Leading social housing provider Stonewater has worked in partnership with South Somerset District Council, and Titan Homes on this £1.5 million scheme, which provides 10 much-needed new homes for affordable rent.
Located just twenty minutes’ walk from Chard High Street, the Rosebank development at Garner Close offers a mixture of five two-bedroom, two three-bedroom and one four-bedroom houses, each with private back gardens, and two two-bedroom apartments all for affordable rent. The new energy-efficient properties have been designed with high levels of thermal insulation to minimise residents’ running costs.
Financed by the Homes and Communities Agency, with additional funding support from Stonewater and South Somerset District Council, the development has been built to help tackle the shortage of affordable housing in the Chard area.
“The average asking price for a home in South Somerset is now £226,503*, ten times the average local salary, while private sector rents are almost a third of local workers’ take home pay,” says Jonathan Layzell, Stonewater’s Executive Director for Development. “Many people, particularly young families who support local services and businesses in the area, are being priced out of their community because housing is simply too expensive.
“We hope that these new affordable homes will go some way to tackling the housing shortage in the area and help more local people find a good quality home close to their friends, family and workplace, at a price they can truly afford.”
Stonewater which has a longstanding and successful working relationship with South Somerset District Council, manages around 1,000 properties across the district. Two other completed schemes in Chard include 56 Stonewater homes for affordable rent and shared ownership in Great Western Road, and the recent renovation and conversion of the former Working Men’s Club at 46 Fore Street into five flats for affordable rent.