Where 113 homes will be built near Cheltenham later in 2024
Work has started to build 113 homes[1] in Cheltenham. Platform Home Ownership, is working in collaboration with developer Lovell Partnerships to provide the homes in Bishop’s Cleeve later this year. The development is named Cleeve Gardens.
Of the 113 homes in the development, 86 of the builds will be available for shared ownership with affordable rented homes also due to be available. Cleeve Gardens, is based just off the A435 at the edge of the Cotswolds. It will provide Gloucestershire homeseekers with an opportunity to get onto the property ladder through an affordable homes scheme.
Shared Ownership allows homeseekers to purchase a share of their home and pay rent on the remaining amount, typically buying between 10 per cent and 75 per cent of the property’s full market value, depending on the model purchased with. This lowers the amount needed for a deposit, with most deposits on Shared Ownership schemes between 5 per cent and 10 per cent of the share and not the full amount. Platform has seen an increase in popularity in the Shared Ownership scheme.
They have sold 55 per cent more Shared Ownership homes between April 2021 and March 2022 compared to the previous year. Through the process of staircasing, those using Shared Ownership can gradually increase the amount of their home that they own. Throughout the development, homes will be fully-fitted with central heating and double-glazed windows, with allocated parking and a 10-year build warranty, all of which comes as standard with all Platform Home Ownership properties.
Gloucestershire Live WhatsApp Breaking News and Top Stories
Join Gloucestershire Live’s WhatsApp community for top stories and breaking news sent directly to your phone
Gloucestershire Live[3] is now on WhatsApp and we want you to join our community. Through the app, we’ll send the latest breaking news, top stories, exclusives and much more straight to your phone. To join our community you need to already have WhatsApp.
All you need to do is click this link and select ‘Join Community’.[4] No one will be able to see who is signed up and no one can send messages except the Gloucestershire Live[5] team. We also treat community members to special offers, promotions and adverts from us and our partners.
If you don’t like our community, you can check out at any time you like. To leave our community, click on the name at the top of your screen and choose ‘Exit group’. If you’re curious, you can read our Privacy Notice.[6]
Click here to join our WhatsApp community.[7] Project Manager at Platform Paul Aston said: “We’re thrilled to have commenced work in Bishop’s Cleeve at what will be a very important development. It’s been a super project to work on up to this stage, and we can’t wait to see it through to completion of over 100 fantastic, high-quality homes.
Less than five miles north of Cheltenham, Bishop’s Cleeve is a village in North Gloucestershire. The development is close to a number of pubs and restaurants, with the nearby main road, making Cheltenham easily accessible, as well as the M5 motorway linking to Wales, the South West and the Midlands. Regional partnerships director of Lovell Simon Wingate said: “Accelerating the delivery of quality, affordable homes through key partnerships such as the one we have with Platform is central to our mission.
It’s encouraging to see work progressing at pace on the development, which will support the affordable housing demands in the area.”
For more information on the Bishop’s Cleeve development, please visit here[8].
References
- ^ homes (www.gloucestershirelive.co.uk)
- ^ New homes offered on edge of Gloucester near M5 (www.gloucestershirelive.co.uk)
- ^ Gloucestershire Live (www.gloucestershirelive.co.uk)
- ^ click this link and select ‘Join Community’. (chat.whatsapp.com)
- ^ Gloucestershire Live (www.gloucestershirelive.co.uk)
- ^ Privacy Notice. (www.reachplc.com)
- ^ Click here to join our WhatsApp community. (chat.whatsapp.com)
- ^ please visit here (www.platformhomeownership.com)