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We have today finalised a deal for a 16 acre site in South Gloucestershire to build more than 100 high quality affordable homes.
We've agreed a multi-million pound deal to acquire the land which already has planning permission for 118 homes. Plans for new homes on the site, which comprises four fields off Iron Acton Way in Yate, next to Yate Town Football Club’s South West Interiors Stadium, were originally approved by South Gloucestershire in 2021. Having completed the purchase of the land, we are now preparing to begin preliminary work on the site towards the end of the year.
We will be providing a mix of rental and part-buy part-rent shared ownership homes on the site, including homes for social rent, which is the lowest rent available and usually around half the value of the local market rent. We will be retaining some of the existing established trees to provide focal points for the green spaces on the development, as well as building a play area and allotment space.
The development will be part-financed through funding from our strategic partnership with Homes England.
Head of land Adam Frontczak, said: “We’re delighted to have secured this site which will provide more affordable housing for Yate and will now be a 100% affordable housing development with a mix of homes to rent and homes to part-rent part-buy through shared ownership. Demand for high quality, affordable housing remains high throughout South Gloucestershire and this development will help meet local needs and provide homes for more than 100 local families.
“We have a clear ambition to build more of our homes ourselves and already in 2024 have completed purchases of land across the West of England that will allow us to build 600 new homes. We’re in a really strong financial position and are keen to secure more land to allow us to continue our ambitious housebuilding programme of delivering 11,000 new homes by 2032.”
We are the one of the largest housing associations in the country and the biggest in South Gloucestershire where we already own more than 9,200 homes. Last month Inside Housing named Bromford as the eighth biggest builders of social rent housing in the country over the past 10 years.