WORK is underway on Broadacres’ latest rural residential development in a North Yorkshire village with its developing partner Esh Construction.
We are building 12 new homes on land in the centre of Huby, which is situated between York and Easingwold.
When completed early in 2021, the two and three-bedroom properties will be allocated to people with a connection to Huby or the wider Hambleton area.
This forms part of Broadacres’ strategy to ensure rural communities remain affordable and sustainable for future generations.
The £1.8 million scheme, which is being built on farmland behind Huby School on Tollerton Road, consists of eight rented and four shared ownership properties. The latter will mean that people can buy a 25% share in a home for just £62,500, with the option to increase their share to 80% if they wish to do so in the future. They then pay rent on the remaining amount to Broadacres.
Shared ownership enables people to get a foot on the property ladder without having to pay a large deposit 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 comes on the back of recently completed schemes in Malton and Helmsley and a development very close to completion at Carlton Minniot.
“The schemes all have one thing in common and that is they are providing homes, either rented or for sale, for people with connections to these rural communities so we can ensure they remain sustainable for future generations.
“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.
Esh Living’s Divisional Director Gary Dobson said: “We are pleased to continue our successful partnership with Broadacres Housing Association; this scheme is a welcome addition to our £30m portfolio of commercial build and affordable housing across Teesside and North Yorkshire.”
“This neat, well situated scheme will provide much need affordable housing which is key to ensuring rural communities remain sustainable for future generations.”
“As always, we will do our utmost to maximise local economic benefit by procuring local and employing a local workforce.”