Fourteen affordable Stonewater homes off Highworth Road in Shrivenham, have recently been completed to help tackle the chronic shortage of affordable housing in the district which has seen average house prices increase by £22,100 in the past year.
The new development of low-cost rental and shared ownership homes at Queen’s Crescent, in Maple Grove, has been delivered by social housing provider Stonewater in partnership with house builders Kier Living and Vale of White Horse District Council. According to the latest National Housing Federation’s latest Home Truths report for the region, the average price of a house in the district is almost 12 times the local living wage, requiring an annual income of £82,693 to be able to afford an 80% mortgage. Typical rents in the area are over a third of the average annual income.
The new low-cost rental Stonewater properties are a mixture of six one- and two-bedroom apartments – one over a garage – and five two-, three- and four-bedroom family houses. A further three two-bedroom houses for affordable shared ownership, have already been sold.
James Bradbury, Stonewater’s Deputy Director of Development sais,
“This new development comes at a time when there is an acute shortage of truly affordable housing in the area to meet the needs of local people who support village school, shops and services. The speed at which these homes at Queen’s Crescent have been snapped up highlights the high demand for affordable housing in Shrivenham. We are delighted to see the completion of these new homes which is a great example of how housing providers can work together to bring more affordable homes where they are most needed.”
The new Stonewater homes at Queen’s Crescent are within Kier Living’s new Maple Grove development.
Councillor Elaine Ware, Cabinet Member for Housing and Environment at Vale of White Horse District Council and local ward member, says:
“We understand the importance of affordable housing to support communities and residents in our district, so we are delighted to see the completion of this development. Our council is continuing to work to secure further affordable housing to create opportunities for families and individuals for years to come.”
Chris King, Managing Director at Kier Living, added:
“We are delighted to provide vital new affordable housing in the sought-after location of Shrivenham. Together, with Stonewater and the Vale of White Horse District Council, these new homes directly tackle the lack of affordable housing in the area. It complements our existing Maple Grove development which provides a rich mix of housing, helping to create diverse communities that offer wider benefits to the local area.”