Publication Date: 14-03-2023 09:00
Affordable homes deal signed for Bristol development
Dozens of affordable homes for the Bristol area are a step closer after a deal was signed between a major homebuilder and a leading housing association.
Bellway is building 256 homes at its Berwick Green development off Cribbs Causeway on the edge of Bristol.
Now it has exchanged contracts with housing association Sovereign on the deal to provide 64 affordable properties for rent or shared ownership as part of the first phase of its scheme. More affordable homes will be delivered by Bellway later in the development.
Tim Lund, Sales Director for Bellway South West, said: “There is a considerable need for affordable housing in Bristol so exchanging contracts with Sovereign is a significant moment for the Berwick Green development and for the wider area.
“This deal will put the possibility of living in a high-quality new-build home within the reach of more people and we are looking forward to working with Sovereign to deliver these affordable properties.
“Berwick Green is a major development for Bellway and construction is progressing well. The project is helping to meet the demand for both private and affordable housing and we are proud of the impact it is having on the area.
“This includes the almost £8 million that Bellway is contributing to local services and infrastructure as part of the planning agreement for the development.
“The location here is also perfect for anyone who needs to commute into Bristol or go further afield as it’s not far from the city or the M5. Shops and entertainment are also nearby as the new community will be in a prime position to drop into The Mall at Cribbs Causeway.”
The properties included in the deal will range from one to four-bedroom homes. These will be made up of 18 shared ownership properties and 46 available for affordable rent.
The 64 affordable homes are due to be handed over to their new residents between 2025 and 2028.
James Gibson, Regional Development Director at Sovereign, said: “With many new social homes being built either for affordable rent or shared ownership, it’s hugely encouraging to be able to celebrate the exchange of contracts on a development which is primarily for social rent.
“Exchanging contracts is a milestone step forward for us and we’re looking forward to working with Bellway to provide these much-needed homes. Projects like this really showcase our commitment to deliver the type of housing we know is needed, even when faced with rising costs and inflationary pressures.”
The second phase of Bellway’s work at Berwick Green will bring a further 112 properties for private sale and another 41 affordable homes to the area. The development is part of a wider 760-home project.
A range of properties are currently available to buy at Berwick Green, from two-bedroom apartments priced at £278,800 to four-bedroom detached houses priced at £450,000.
For more information about the development, visit https://www.bellway.co.uk/new-homes/south-west/berwick-green or call the sales team on 01454 513301.
