New development in Taunton
By Yarlington | Friday, October 18, 2013, 10:08
According to the Office for National Statistic's August House Price Index, published yesterday, the average price of a house in the UK has risen by 3.8% over the year to August 2013, bringing the average mix-adjusted price to £247,000. Prices paid by first-time buyers were 4.9% higher on average than in August 2012.
Recent research by Shelter shows that it would take the average family 12 years to save up the deposit for a home of their own and the charity made a call for the construction of more social rented homes and shared ownership homes to help brings prices under control
Yarlington are acting to ensure there are homes available for those priced out of the property market and we have recently signed contracts with Persimmon Homes on a development in Taunton, Somerset, which will deliver 189 new affordable homes over the next few years.
The new homes will be part of the successful Heathfield Gardens development in Bathpool, on the northern edge of Taunton. Half of the Yarlington homes here will be for social rent and the other half for shared ownership (part buy / part rent), increasing the opportunities of home ownership for families on normal incomes.
The site is in a sought after location with excellent public transport links into Taunton and Bridgwater, easy access to a high performing school, leisure facilities and a GP practice. As the scheme progresses, plans are in place for a new school, community centre and superb play area and open space.
Heathfield Gardens is Yarlington's second development in Taunton Deane following the successful development of 13 flats at Canal View, Bathpool.
Yarlington's Executive Director of Growth and Investment, Barbara Richardson, said, 'This development gives local people the chance to get on the housing ladder by providing homes that they can afford. Not only do Yarlington provide homes but we invest in people and neighbourhoods ensuring that those communities in which we work thrive – we are in it for the long term and look forward to helping establish a successful community at Heathfield Gardens. Between April and September 2013, Yarlington has helped 35 families get on the housing ladder through the shared ownership scheme and housed 367 families that were in need of an affordable home to rent.'