Aspire Housing has successfully bid for 17 homes as part of a large development known as Bluebell Croft in West Avenue, Butt Lane, to provide high quality houses and apartments for shared ownership and rent.
The leading social housing provider bought the properties after a successful bid to developers Taylor Wimpey, who are building 87 properties on the site of the former GEC factory.
The location is popular as it is close to Kidsgrove, Newcastle-under-Lyme and Stoke-on-Trent.
Aspire has bought:
- 6 x 2 bedroom apartments for rent
- 3 x 2 bedroom houses for rent
- 2 x 3 bedroom houses for shared ownership
- 6 x 2 bedroom houses for shared ownership.
The purchase was part of Taylor Wimpey’s section 106 development agreement to build affordable housing.
Wayne Hughes, managing director of Aspire Housing, said: “Aspire Housing is excited to provide high quality affordable homes for the local community. This is our first development in the Kidsgrove area and we are delighted to be working with a developer who has a national reputation for quality building.”
Shared ownership is when buyers purchase an initial 50% share in a property and pay rent on the rest to help them get on the property ladder.