Building work has started on much-needed new affordable homes on the site of former warehousing in Newport Pagnell.
The elegant development will include 22 new Hightown Housing Association homes – 12 one-and-two bedroom affordable rent flats, six two-bedroom houses for affordable rent and three three-bedroom houses for shared ownership.
It’s part of the larger Tickford Mews estate, being built by Bellway Homes just off North Crawley Road and Tickford Street, and is Hightown’s first ever development in the prosperous market town.
Hightown's homes on Tickford Mews will be built by the end of 2018 and will help local people who cannot afford to buy or rent their own home at current market rates.
The development will be a welcome addition to the housing stock in the town, where property prices rose by 7.6% last year to an average price of £301,842 and the average monthly rent for a two-bedroom flat is currently £815 .
The shared ownership properties will give local people the opportunity to buy a share in their new home and pay subsidised rent on the remaining share, while the affordable rent flats will be let at 80% of average market rents.
The new residents will be moving into a fantastic location for employment, shopping and transport. Tickford Mews is close to Willen Lake leisure Activities, the M1 (junction 14) is closeby and it is just a short drive to therange of shops at Intu Milton Keynes and the main train line at Milton Keynes station.
Hightown Development Director George Edkins said: “We’re delighted to be building our first homes in Newport Pagnell. We know many people are being priced out of the market in this area every year, so we’re looking forward to providing some much-needed affordable housing in the town.”