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£18 million development to help ease housing crisis in Northampton

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£18 million development to help ease housing crisis in Northampton

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Published by Rebecca Mills for Longhurst Group in Housing and also in Communities

Some of the properties from the Princess Marina development Some of the properties from the Princess Marina development

An £18.7 million development at the former Princess Marina hospital site in Northampton is on track to deliver over 180 affordable homes on the outskirts of the town. The homes are the first to be built in Northampton by affordable housing provider, Spire Homes which is based in East Northamptonshire and Rutland.

“These are the first properties we have developed in Northampton which is a very exciting move for us” Said Katy Sagoe, Director of Housing Services at Spire Homes. “One of our key aims as a housing association is to build affordable homes where they are needed and to make sure they meet demand; we’ve found that Northampton has a wealth of outright ownership opportunities available but there are far fewer affordable ownership and affordable rent options.”

Figures from the National Housing Federation, the voice of affordable housing in England, show that house prices in Northampton are predicted to increase by 23% by 2020, with rent prices predicted to increase by 44% in the same time period.[1]

“Working with Persimmon Homes and Northampton Borough Council we will be providing a mix of tenures to help local people find homes they can afford, whether they are choosing to rent or buy” added Katy. “There will be 127 homes available for rent below market levels and 54 shared ownership properties.

“We are largely based in East Northamptonshire and Rutland and have a fantastic reputation for the high standards we achieve with our services. We pride ourselves on helping build strong communities, not just affordable homes; we can give tenants support to help them stay in their home, provide grants for community groups that benefit areas where our tenants live, as well as organising training courses for tenants to improve their skills .”

The site offers residents a fantastic location with easy access to Sixfields Leisure Park and Upton Country Park, as well as the town centre and the M1.

The development is set to complete in 2018.


[1] Figures taken from http://www.housing.org.uk/media/home-truths/interactive-map-home-truths-in-your-area

 

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