The construction of 53 new affordable homes was celebrated in Twickenham by Cllr Nicola Urquhart, Cabinet Member for Housing on Friday, 11th May.
The homes, on Third Cross Road in Twickenham, have been built on the site of the disused Air Sea House industrial and warehouse buildings. The site has been developed by Thames Valley Housing (TVH) in partnership with Richmond Borough Council (RBC). The properties were built by Bugler Homes.
The 41 new affordable rented and 12 new shared ownership homes provide affordable properties in one of London’s most expensive boroughs. The development has been designed to help first time buyers get onto the property ladder, as well as provide urgently required larger rented homes for families in Richmond that need them.
Cllr Nicola Urquhart, Cabinet Member for Adult Services, Health and Housing for Richmond Council, said: “It is exciting to see the completion of this development. I very clearly remember visiting the site just over a year ago with the school children of next door. It is a much anticipated mixed development providing affordable rented and shared ownership homes for our borough.
“Four of the twelve shared ownership homes are three bedroom family homes. We expect these will be popular as residents expressed concern about affordability of housing for families during our All in One consultation last year. We are very aware of the immense demand for affordable homes in the borough and remain committed to helping provide housing to meet the needs of families and vulnerable residents.”
In partnership with the RBC’s housing team, TVH designed 53 beautiful homes that blend well into the local neighbourhood. The specification of the properties is very high; built to Code for Sustainable Homes level 4, the developers have followed an integrated and design led approach so that the insulation, heating and ventilation systems minimise fuel costs for residents.
The two bedroomed flats would be valued at £295,000 on the open market, but through shared ownership, a 35% share can be bought for £103,250. Further shares in the property can be bought at a later date.
Geeta Nanda, CEO of TVH, said “we want to make Richmond affordable for people who are already part of the community but may be renting and can’t afford to buy their own home on the open market. We also wanted to help RBC achieve its aim of providing larger homes for affordable rent to accommodate the needs of families in the area. This is the first of three new developments in the borough we’ll be completing this year. We really are committed to Richmond”.