The first residents have moved into a new £12.5m housing development bringing 63 new homes to Fradley, Staffordshire.
Designed and built by local housing and care provider GreenSquareAccord, the development is a mix of 2, 3 and 4 bedroom homes available to purchase by outright sale or shared ownership.
Alison Jayne Smith who has purchased one of the new homes said: “My new home is amazing. I was renting in Birmingham city centre but wanted to move somewhere quieter and more rural, where I could enjoy walking my dog and have a garden. Buying through shared ownership has allowed me to buy a bigger house, at a great price, in an area I love. The quality of my new home is great and it’s a really good size – I couldn’t be happier.”
Mark Patchitt, Regeneration Director at GreenSquareAccord said: “We are delighted that our Kings Meadow development is providing an opportunity for people to get on the property ladder and buy a high-quality home in a desirable location. The new homes have been designed and built by our own in-house team, using timber panels manufactured in our low carbon LoCaL Homes facility in Walsall. I’m sure the new residents will be very happy living here.”
The development has been supported by £1.5m funding from Homes England. Work on the development started in June 2019 and is due to be completed by Autumn 2021.
Shared ownership helps to make a home more affordable by allowing people who qualify to purchase a share in the property, reducing the mortgage and deposit needed. For more information about the development please visit the Kings Meadow website.