LEADING modular housing company ilke Homes has secured its first site in the South East of England – a 15-acre greenfield parcel in Stanford-le-Hope.
The site, located in Thurrock, has detailed planning permission in place for 153 homes, comprising 138 houses and 15 apartments. Once complete, the development will provide the local community with a mix of two, three and four-bedroom homes.
All 153 homes being delivered are proposed to be made available for shared ownership or affordable rent. This is important, asrevised price caps for the Government’s Help to Buy equity scheme, which come into force in April 2021, means first-time buyers in Essex can only access the loan if their new-build homes cost less than £437,600. The threshold was previously set at £600,000, meaning many families may be locked out of owning a home big enough for their needs.