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Work has commenced on a housing association’s newest rural residential development in a North Yorkshire village.
According to a press release, Broadacres, along with developing partner Esh Construction, have begun building 12 new homes on land in the centre of Huby, a village situated between York and Easingwood.
Due for completion in early 2021, the new two- and three-bedroom houses will be allocated to people with a connection to the village, or in the wider Hambleton region.
The development is part of Broadacres’ strategy to make sure rural properties remain affordable for future generations. The £1.8 million development is being built on farmland close to Huby School and will consist of eight rented and four shared ownership homes.
The shared ownership scheme means the people can purchase a 25 per cent share in one of the available homes for £62,500, with an option to increase that to 80 per cent in the future, and then pay rent on the remaining amount to Broadacres. The scheme allows people to get on the property ladder without the need for large deposits or high mortgage payments.
Broadacres’ chief executive, Gail Teasdale, said: “We are delighted to be well underway on our latest residential development in North Yorkshire. It is Broadacres’ vision to become the best rural housing provider in the UK and Huby is an excellent example of the kind of scheme that, working closely with our local partners, will enable us to realise this ultimate goal.”
Broadacres has received £486,000 in funding towards the scheme from Homes England.
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