A deal to take on the affordable homes being built on a new development in Nailsea has been finalised.
Alliance Homes is acquiring 51 affordable homes on Barratt Homes’ new Parish Brook development on Engine Lane in Nailsea. The homes will range in size from one bed flats up to four bed houses. 42 of the new homes will be for social rent and nine will be for shared ownership.
Building work has already started on site and delivery of the new homes is expected between July this year and May 2025.
This investment by Alliance Homes into Nailsea comes only weeks after a similar deal with Taylor Wimpey was announced, that one was for 39 affordable homes on the nearby Youngwood Lane development.
Alliance Homes’s Director of Investment, Iain Lock, commented on the new deal with Barratt Homes stating: “It’s great to be part of such a big scheme in Nailsea and to be working with Barratt Homes who have a proven reputation for delivering quality homes. The 51 new affordable homes at Engine Lane together with a further 39 on Youngwood lane will go a long way to ease the demand for affordable housing in Nailsea.
Our ambitious goal is to deliver 2,000 new homes across the region over the course of ten years, and this is another scheme which means we’re well on our way to achieving it.”
Thea Gregory, Development Director at Barratt Homes Bristol said: “This is an important step towards our ambition to create a vibrant, mixed community here on this beautiful site on the edge of the North Somerset countryside. Barratt Homes is committed to providing a wide range of homes for local communities, investing in the local economy and supporting local jobs.”