Residential : Housing News News
Orbit Homes unearths over 18,800 artefacts in significant archaeological discovery

Orbit Homes unearths over 18,800 artefacts in significant archaeological discovery

Affordable housebuilder, Orbit Homes, recently unearthed over 18,800 historical artefacts after excavations at its Calthorpe Gardens development discovered archaeological evidence dating from the Prehistoric Mesolithic, Late bronze Age-Middle to Late Iron Age, and through to early Anglo-Saxon times.  The site is now considered one of significant regional importance after Border

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370,000 homesellers stuck in conveyancing limbo this summer

370,000 homesellers stuck in conveyancing limbo this summer

New market insight from up-front information platform, Home Sale Pack, reveals that the conveyancing process takes so long that the average home mover could fly to the moon and back more than 25 times in the time they’ll be waiting for conveyancing to finish. As a result, 370,000 movers are now

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Plans approved for 168 new homes in Warminster

Plans approved for 168 new homes in Warminster

Wiltshire Council has approved plans to develop almost 170 new homes in Warminster. Wessex was successful in its reserved matters planning application, meaning it can soon commence construction on a new phase at its Jubilee Gardens development. The 168-home phase includes a wide range of tenures for local people from

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Building Safety Alliance releases crucial guidance documents to elevate competence standards in residential occupied sector

Building Safety Alliance releases crucial guidance documents to elevate competence standards in residential occupied sector

The Building Safety Alliance, a collaborative effort uniting leading industry figures, associations, and bodies, has announced the publication of two pivotal documents aimed at bolstering competence standards and fostering the recruitment of qualified professionals within the residential occupied sector. The newly unveiled documents, BSAS 01:2024 Organisational Capability Management System Standard

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Miller to deliver 650 home triple tenure scheme

Miller to deliver 650 home triple tenure scheme

Developer and operator of single family build-to-rent (BTR) housing, Present Made and homebuilder, Miller Homes, have formed a joint venture (JV) to deliver a 650-home mixed-tenure community in Bedfordshire. The 170-acre site, currently known as Mill View, will feature a blend of private-sale, affordable and single-family build-to-rent (BTR) housing. Construction

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Latest Issue
Issue 324 : Jan 2025

Residential : Housing News News

Homelessness is a concern for one in five people in the UK as public urge Government to build social homes – new study can reveal today

Homelessness is a concern for one in five people in the UK as public urge Government to build social homes – new study can reveal today

More than one in five people in the UK fear they or someone they know could be homeless in the next 12 months – and 77% of the population want Government to support the building of more social homes to address the issue.   A new study, released today by leading social enterprise Places for People, can reveal that 21 per cent of people living in the UK fear they or someone they know will become homeless in the next year.      The worry is even greater among renters – both private (30%) and social (29%) – compared to 15% among homeowners.   Latest Government data shows 3,898 people were counted as sleeping rough across England on a single night in Autumn 2023, and 121 in Wales. In Scotland, 2,438 households reported rough sleeping during the previous three months before applying for support in 2022/2023.    Rough sleeping alone does not tell the whole story of the severity of homelessness. The most recent Government data shows households living in temporary accommodation is at its highest ever level with 112,660 in England, 15,625 in Scotland and 5,700 in Wales.    Meanwhile, according to the most recent available data, there are 1.29million households waiting for a social home in England, 110,900 in Scotland and 90,000 in Wales.    Well over three-quarters (80%) of people think that homelessness is a major national issue and a similar proportion (77%) believe Government needs to build more social homes to address the problem. 81% say Government should provide more funding to prevent homelessness.     Places for People, which owns or manages more than 245,000 homes across the UK including 74,000 social homes, is calling on the next Government to put building 90,000 social homes per year as a top priority.     John Greaves, Chief Impact Officer at Places for People, said: “These figures should alarm us all. What we found has bluntly exposed the worry that exists throughout the country. Sadly, however, they do not come as a surprise – for too long we have been highlighting the seriousness of the ever-growing homelessness crisis facing the UK.   “With renters in both social and private properties most concerned, everything people are telling us points towards a desperate need to build more social homes, although delivering the right mix of all tenures remains vital to ease overall pressure. At Places for People, we’re doing all we can to build more quality homes, including for social rent, and we support those who have fallen on hard times and are being let down by the welfare system, but we can only do so much.    “We know that building 90,000 social homes a year will be a challenge, but we’re ready to help. We see an opportunity to deepen our collaboration with partners and work closely together as part of public-interest-led development groups. This would bring developers, local authorities, members of the public and others together on larger schemes to plan and deliver the quality homes needed in a more joined-up and community-focussed way. This could be supported by giving Homes England greater flexibility over funding to deliver on more challenging sites. We want to put ourselves forward to work closely with Homes England and a local authority on a specific site to trial this model, building on the development corporation approach.     “As a sector, the concerns we have raised time and time again around the need for more social homes have not been listened to by Government in recent years. So, we are now urging whoever forms the next Government to listen to the people of the UK and put delivering more social homes at the top of your priority list. Talking’s over, it’s time to build.”   Places for People is doing all it can to build the quality homes needed across the UK. It completed 1,750 new homes in the last year, of which 86% are affordable, with 265 available for social rent. A further 1,944 were started in the last year, of which 74% are affordable and 210 will be available for social rent.    In addition to building more homes, Places for People also supported over 10,500 people who were either homeless or at risk of becoming homeless in the last year. We also fund, build and manage a range of facilities across the country to accommodate homeless people, including housing pods currently being developed in Bristol where those living there can live independently.       As a social enterprise we also provide significant investment to communities around the UK through direct support and services such as white goods provision, money advice, heat and food vouchers, education, health and wellbeing and more, totalling around £300million in social value per year.   The new study, conducted by Opinium on behalf of leading social enterprise Places for People, is a survey of 4,000 UK citizens. The research is being released in the weeks leading up to the General Election this summer.     Read the full results table on homelessness, including a breakdown by region, click: Homelessness polling data Building, Design & Construction Magazine | The Choice of Industry Professionals

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Vistry East Anglia joins forces with Own New to offer lower mortgage rates for home buyers

Vistry East Anglia joins forces with Own New to offer lower mortgage rates for home buyers

A scheme which could help new-build home buyers access lower mortgage rates is now available at Vistry Group locations across the Peterborough area and Cambridgeshire. Vistry East Anglia, which incorporates the Linden Homes and Bovis Homes brands, is rolling out Own New’s Rate Reducer product at all its developments across the region. The scheme is designed to help first-time buyers and home movers by enabling them to unlock reduced mortgage rates as low as 3.14 per cent from participating lenders over an initial fixed term, usually two or five years, reducing their monthly payments during this time.* Fraser Hopes, managing director of Vistry East Anglia, said: “Own New will provide more options for people looking to take their first step onto the property ladder as well as those wanting to move into a larger property. It offers a regular mortgage, just with lower monthly payments for the initial period which is often when buyers have additional expenses. “We’re already seeing a great deal of interest in this innovative new mortgage product and are looking forward to helping even more people secure a high-quality Vistry home which meets their needs.” Own New Rate Reducer was launched in February and works by using the housebuilder’s incentive budget to access lower mortgage rates with the lender and therefore reduce the customer’s monthly mortgage payments over a fixed term. For example, if the housebuilder offers a three per cent incentive on a home, Own New Rate Reducer takes this sum and offsets it against the mortgage interest to reduce monthly payments. In addition to cutting monthly outgoings during the fixed-rate period, the customer will pay more off the capital value of their mortgage because the interest charged on the loan is lower. Lenders still carry out their usual affordability assessment to check the purchaser can afford repayments if the interest rate increases once the fixed-term benefit ends. Halifax, Virgin Money, Perenna and Furness Building Society are the lenders which have already signed up to the scheme. Eliot Darcy, founder of Own New, said: “In today’s challenging economic climate, we’ve partnered with national house builders like Vistry Group to introduce a straightforward solution—a regular mortgage with lower monthly payments. This initiative is making homeownership more accessible, allowing people to pursue their dream homes without compromising their financial stability.” Own New is available at developments across the Vistry East Anglia region, including Bovis Homes’ and Linden Homes’ developments in; Once a buyer has found the new-build home they want to buy, the sales advisor at the development will put them in touch with an approved Own New mortgage broker. More information can be found at bovishomes.co.uk, lindenhomes.co.uk or countrysidehomes.co.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Orbit Homes unearths over 18,800 artefacts in significant archaeological discovery

Orbit Homes unearths over 18,800 artefacts in significant archaeological discovery

Affordable housebuilder, Orbit Homes, recently unearthed over 18,800 historical artefacts after excavations at its Calthorpe Gardens development discovered archaeological evidence dating from the Prehistoric Mesolithic, Late bronze Age-Middle to Late Iron Age, and through to early Anglo-Saxon times.  The site is now considered one of significant regional importance after Border Archaeology, Orbit Homes’ archaeology partner for the site, discovered the remains of what is thought to be a small sized settlement from the Late Bronze Age to Middle/Late Iron Age along with a later Anglo-Saxon cemetery containing the remains of at least 52 individuals. Amongst the artefacts recovered were finds from the prehistoric settlement (handmade pottery and textile tools) and rich grave goods from the Anglo-Saxon burials (bead necklaces, pendants, personal objects and weapons) in addition to the 9,310 litres of paleoenvironmental samples also taken to help shed light on the human activity of the past. A selection of the artefacts were also recently put on display to the public for the first time during an exclusive event hosted by Orbit Homes and Border Archaeology. Colin Dean, Sales and Marketing Director for Orbit Homes in the Midlands, commented: “The finds at Calthorpe Gardens are fascinating. It’s been an incredible experience for the whole Orbit Homes team to watch the archaeologists undertake excavation at the site and see the sheer number and quality of the artefacts that were discovered. We’re delighted that the location has been declared as ‘significant’ and after all the work to excavate and study the finds it was wonderful to finally share some of these discoveries with the local community as well as be able to help piece together the history of the people living in the area over centuries. We look forward to finding out more about what life was like in the area as Border Archaeology continue their investigations.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Council’s inaugural This City housing development hits highest point

Manchester City Council inaugural ‘This City’ housing development hits highest point

The Council’s housing company This City has celebrated a major milestone in construction as a topping out ceremony marks the highest point of the build. The development will become No 1 Ancoats Green on completion and will deliver 129 new homes bringing a long-term brownfield site back into use – including 119 apartments and 10 town houses.   A range of one bed to four bed homes are being built to meet a range of needs, including families choosing to live in the city centre, and 30% of these new homes will be capped at the Manchester Living Rent. This is a level of rent that can be covered by housing benefit, which makes sure the homes are accessible to as many Manchester people as possible.   The ambition is that This City will scale up to build 500 homes a year. Six further sites are currently being considered for development in the coming years.   This development is expected to be completed in 2025. The scheme is being built by Wates and designed by architect Buttress.  A full list of contractors can be found in the notes to editors section.  Find out more about This City  No 1 Ancoats Green will overlook a transformed Ancoats Green, with the development site moving seamlessly into the improved city centre park. This investment will include new walking and cycling routes through the neighbourhood, along with significant new planting – wildflower and wetland planting, and a range of new trees, alongside new accessible play equipment and open grassed areas.   This development will also be built to high sustainability standards, limiting heat loss through exemplar insulation, making the homes warm and more efficient to run – essential to support residents through the cost-of-living crisis.   The Ancoats Green redevelopment is part of a range of public realm investment in Ancoats that looks to create a green heart for the local community and improve access to quality park spaces.   Adjacent to the park, the Ancoats Mobility Hub celebrated its own topping out milestone earlier this year. The innovative investment will help create a low traffic, pedestrian first neighbourhood.  The hub will feature secure parking for 150 bikes, alongside changing facilities, 102 electronic vehicle charging points, up to 30 spaces for car club and car share schemes as part of a total of 406 car park spaces which reduces the need for parking within new residential developments nearby (apart from disabled parking).   The building itself will feature 400 rooftop solar panels and over 400sqm of living green walls. A last-mile delivery hub and parcel lockers will centralise how local people can receive post and packages, vastly reducing delivery traffic in the area. A new commercial or hospitality space is also being explored.  Find out more about the regeneration of Ancoats  Cllr Bev Craig, Leader of the Council, said:   “The first This City development encapsulates a lot of what we’re looking to achieve when it comes to building new homes in the city centre.   “Affordable, low carbon, close to great transport routes, built seamlessly into a rejuvenated Ancoats Green park – and with a range of housing types and sizes to accommodate different demand – including family homes.   “Hitting the highest point is a welcome milestone and marks the hump of this project and we look forward to these homes welcoming the first residents next year.”  Cllr Gavin White, executive member for housing and development, said:   “This City is the innovation that Manchester’s housing market needs to help us deliver genuinely affordable housing – capped at the Manchester Living Rent – using brownfield, Council-owned land. These are the types of homes we know our residents need and in a city centre location. This development – complemented by the improvements to the park next door – is spearheading the final phase of regeneration for Ancoats that begins the end of two decades of investment in this community.”  Adam White, Chair of This City, said:  “Topping out our No. 1 Ancoats Green scheme marks a really important milestone for This City, proving the concept and our ability to deliver high quality, low carbon and affordable homes at scale.   “Our exciting plans for the future will see us ramping up the delivery of our sizeable residential pipeline over the next few years, delivering hundreds more affordable homes available at the Manchester Living Rent.   “I’d like to thank City Council Officers and Members, the This City Board, DLUHC, Wates, Buttress and the wider project team for all their input and efforts to date – No. 1 Ancoats Green is a seminal project for This City and one we should all be proud to have played a part in delivering.”  Tom Maguire, project director at Wates, said:  “The Rodney Street project encompasses everything we stand for at Wates – exemplary design that prioritises sustainability, delivered in a way that helps communities thrive in the long term through Social Value initiatives and the homes it will ultimately provide. “So far here at Rodney Street, we’ve spent more than £50k on local Social Enterprises and over £5m on local supply chains, as well as supported 315 Apprenticeship Weeks. While we celebrate this latest milestone of topping out, we’re focused still on delivering the rest of the project in the same way, creating opportunities wherever possible to benefit Manchester residents and businesses.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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370,000 homesellers stuck in conveyancing limbo this summer

370,000 homesellers stuck in conveyancing limbo this summer

New market insight from up-front information platform, Home Sale Pack, reveals that the conveyancing process takes so long that the average home mover could fly to the moon and back more than 25 times in the time they’ll be waiting for conveyancing to finish. As a result, 370,000 movers are now set to waste their summers stuck in a state of conveyancing limbo. Home Sale Pack analysed how long the conveyancing process currently takes in the UK*, and how many movers are now about to enter the conveyancing journey*. The research then goes on to analyse what other things movers could instead be doing with the time they’re spending waiting for conveyancing to finish. How long does conveyancing take? Conveyancing is the legal side of buying and selling a home with the ultimate aim of first reaching the exchange of contracts, and then completion of sale. The process takes a long time, currently averaging 154 days, or 22 weeks. And while the process is led by a conveyancing solicitor,  it requires regular input from buyers and sellers who need to be available to provide information, sign documents, and help push their sale along. This means that, for those 154 days, movers cannot afford to be absent or out of contact for any length of time because this can lead to significant delays on an already lengthy journey. Therefore, anybody who is entering the conveyancing process right now is looking at an entire summer spent in a state of conveyancing limbo, unable to go on holiday in fear that it will cause delays. 370,000 home sellers stuck in limbo this summer Home Sale Pack estimates that this is the scenario faced by almost 371,000 movers this summer, based on the fact that there are currently an estimated 370,725 properties on the market that are Sold Subject To Contract (SSTC). While some of these may complete sooner, rather than later, this figure is only likely to climb as market activity continues to build momentum following a spring surge. What else can you do with 154 days? So with 154 days of nothing to do but wait, what else could movers be doing with their time if the conveyancing process wasn’t so painfully drawn-out? In 154 days, you could fly from London to Sydney 168 times. You could take one-and-a-half around the world cruises, drive around the world almost 7.5 times, or walk the length of Britain – from Land’s End to John o’ Groats – nearly twice. You could also take 11 fortnight-long summer holidays, or fly to the moon and back – a round trip that takes approximately six days –  almost 26 times. Ruth Beeton, Co-Founder of Home Sale Pack, says: “It’s absolutely inexcusable that in this day and age the conveyancing process takes 22 weeks. There is no good reason for this. If the process was dealt with the efficiency that modern technology now enables, the whole process can take as little as 24 hours. In other words, a seller can accept an offer on Monday and complete the sale before going to bed on Tuesday. So yes, 22 weeks is inexcusable. Instead of wasting your summer in conveyancing limbo, too scared to even go on holiday in fear of causing a delay in the process, make sure you work with an agent who utilises upfront information packs to speed up your sale. That way you can get the contracts signed and the sale completed quickly, leaving you free to enjoy the summer with absolute freedom and peace of mind.” Data tables and sources Full data tables and sources can be viewed online, here Building, Design & Construction Magazine | The Choice of Industry Professionals

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Plans approved for 168 new homes in Warminster

Plans approved for 168 new homes in Warminster

Wiltshire Council has approved plans to develop almost 170 new homes in Warminster. Wessex was successful in its reserved matters planning application, meaning it can soon commence construction on a new phase at its Jubilee Gardens development. The 168-home phase includes a wide range of tenures for local people from 1-bed apartments to four-bed homes. 55 of the new homes will also be transferred to a local housing association, helping alleviate pressure on the Council’s over 4,000-strong housing waiting list. ‘Phase P2’ of the development includes a large section of the spine road, surrounding public open space, sustainable urban drainage systems, a cycle link and an area of floating wetland. Wessex Deputy Managing Director, Seb Spiller, said: “We are delighted to have secured planning permission from Wiltshire Council to deliver 168 new homes for local people at our existing Jubilee Gardens development. “We are proud of the progress at Jubilee Gardens, which is creating a sustainable community for local families, and are pleased to have the local authority’s support for our next phase of construction. “This second phase will enhance the existing site by delivering new market homes for local people, while 55 properties will be transferred to a local housing association for social provision. We are determined to create a positive and lasting legacy in every area we build, and we are proud that our new development will continue to make the dream of homeownership a reality for local families.” As part of the wider Jubilee Gardens development, Persimmon is investing millions of pounds in the local vicinity as the housebuilder delivers a sustainable community for local people. This will include land for a new primary school, significant areas of open space including a riverside park, equipped children’s play areas, two areas of sports pitches and associated changing rooms. A local centre, allotments, public art, employment land, improvements to public footpaths, new pedestrian and cycle routes, biodiversity enhancements and a dedicated ecology area will also be delivered at Jubilee Gardens. Significant financial contributions will also be made towards education provision, bus services connecting the scheme with the town centre, signal upgrades to improve vehicle movements in the town centre, health care in Warminster, and enhancements to local public rights of way. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Tenants are spending more time in rental properties, highlighting importance of PRS landlords

Tenants are spending more time in rental properties, highlighting importance of PRS landlords

The latest research by Zero Deposit, the tenancy deposit alternative, has revealed that while home owners are upping sticks and moving more often, the time spent in rental properties by PRS tenants has increased by 12% over the last decade, highlighting the important role landlords play in today’s property market.  Zero Deposit analysed the latest figures from Gov UK English Housing Survey looking at the number of years spent in a property for each segment of the market and how these lifestyle trends have changed over the years.  The analysis shows that when it comes to home owners, we’re moving more, spending an average of 9.2 years in a property (mortgage buyers). This is the second lowest amount of time spent in the last 10 years with the exception of the 2020-21 pandemic year (8.7) and some way below the average of 9.9 years seen over the last decade.  What’s more, it marks a 13.9% reduction versus a decade ago, with homeowners remaining in their properties for 1.5 fewer years today versus 2012-13.  However, when it comes to tenants in the private rental sector the opposite trend has emerged over the last 10 years.  The average PRS tenant currently spends 4.3 years in their rental home. While this has reduced slightly on an annual basis, down from 4.4 years, it sits 12.1% higher than a decade ago when tenants rented for an average of 3.8 years.   It also sits higher than the average of 4.1 years seen over the last decade as a whole, highlighting the importance of the private rental sector when it comes to providing long-term accommodation for those who haven’t made the transition to home ownership.  Sam Reynolds, CEO of Zero Deposit commented: “Over the last ten years, tenants have grown increasingly reliant on the private rental sector due to the high cost of home ownership and we’ve also seen renting as a lifestyle choice result in tenants staying put for longer.  It’s also fair to say that, with renting itself becoming more expensive, many tenants would rather stay put once they’ve secured a rental property, rather than foot the costs of moving while their original deposit is still being held by their previous letting agent.  While the build to rent sector has looked to provide a solution to the requirement for longer term tenancies, it’s PRS landlords who are vital to the sector and are still shouldering the majority of the weight when it comes to the provision of these properties.  With the Renters Reform Bill also set to provide further security to tenants with respect to tenancy lengths and eviction powers, it’s likely that the time spent in the same rental property will continue to increase over the coming years. This highlights just how vitally important landlords are when it comes to the rental market echo system and why we must encourage investment into the sector, not deter it.  Data tables and sources Data tables and sources can be viewed online, here. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Building Safety Alliance releases crucial guidance documents to elevate competence standards in residential occupied sector

Building Safety Alliance releases crucial guidance documents to elevate competence standards in residential occupied sector

The Building Safety Alliance, a collaborative effort uniting leading industry figures, associations, and bodies, has announced the publication of two pivotal documents aimed at bolstering competence standards and fostering the recruitment of qualified professionals within the residential occupied sector. The newly unveiled documents, BSAS 01:2024 Organisational Capability Management System Standard and Guidelines outlining competence expectations for stakeholders involved in specifying, procuring, and managing services for occupied high-rise and higher-risk residential buildings in England, serve as essential resources for organisations seeking to enhance competence within their building safety functions. These initiatives align with the imperative of meeting the requirements set by the new building safety regime and its regulations pertaining to competence. In an evolving landscape where evidence of competence management, particularly organisational capability, is increasingly scrutinised, stakeholders across the sector must demonstrate their commitment to upholding rigorous standards. Clients will demand tangible proof of competence management, compelling organisations of all sizes and complexities within the supply chain to ensure the proficiency of their workforce, including contracted and subcontracted personnel. The development of these documents is a testament to the dedication and expertise of industry professionals who have tirelessly contributed to their creation. Anthony Taylor, Building Safety Alliance said: “The Alliance wish to thank all those who have given their valuable time and knowledge to developing common approaches to the requirements of the new regulatory regime. We would also extend our thanks to those representatives of BSR and DLUHC who acted as observers to the groups who have been developing these documents over many months.” The Standard and the Guidelines documents are immediately available through the Building Safety Alliance website https://buildingsafetyalliance.org.uk/ . The Standard will next become part of the British Standards Institute (BSI) standards development process, towards a Publicly Available Specification (PAS) or full British Standard (BS). Both documents are available free of charge – anyone interested in the Standard, will be engaged in a feedback process. For more information and to enquire about collaborating on the Building Safety Alliance’s work, please visit buildingsafetyalliance.org.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Busiest cities for estate agent activity revealed with 25 homes listed for sale per agent over the last six months

Busiest cities for estate agent activity revealed with 25 homes listed for sale per agent over the last six months

The latest data release by estate agent comparison site, GetAgent.co.uk, has shown that while the average agent across Britain is listing 15 properties for sale, this measure of current market activity ranges between 10 to 25 from one major city to the next.  GetAgent analysed its own internal data* looking at for sale stock listed across 30 British major cities over the last six months before comparing this to the number of unique agents to have listed this stock, to reveal the average number of homes currently on the books of agents within these major cities.  The research shows that over the last six months a total of 226,120 homes have been listed for sale across the 30 major cities analysed by GetAgent. These homes have been listed by 15,046 unique agents, meaning that on average, these agents are listing 15 properties each.  Of course, this current gauge of buyer market activity differs drastically when breaking the market down from one city to the next.  Plymouth is home to the nation’s busiest estate agents at present, where 4,211 homes have been listed in the last six months by 167 individual agents. This means that those agents who have bolstered their stock levels over the last six months are listing an average of 25 properties.  Agents in Newcastle aren’t far behind in this respect. While the city has seen more than three times the number of new listings over the last six months when compared to Plymouth (12,652), these homes are being marketed by 550 unique agents, meaning that on average, these agents are listing 23 properties each.  Across both Bristol (22) and Norwich (20), agents have listed 20 or more properties in the last six months, while in Glasgow, Liverpool, Cornwall and Nottingham they’ve averaged 18 listings.  In contrast, agents in Bath, Bolton, Chester and Bradford have seen the most muted level of market activity. Over the last six months, those agents to have listed homes for sale have done so at a rate of 10 listings each.  Co-founder and CEO of GetAgent.co.uk, Colby Short, commented: “It makes sense that agents in cities with lower property values and fees need to sell more properties to survive as a business. In contrast, agents in cities like London can get by with fewer completions, as each one generates a large fee. A good exception to this rule seems to be Bristol, which has relatively high property values, yet the average agent still lists 22 properties every 6 months. However, at the other end of the scale are Bolton and Bradford, where not only are the average fees very low, but the average agent also lists only 10 properties every 6 months. Obviously, this is just an average, and many agents will be doing better than this, but it does demonstrate how tough the market is in some locations. Hopefully, agents in these areas have strong Lettings departments.” Data tables and sources Data tables and sources can be viewed online, here. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Miller to deliver 650 home triple tenure scheme

Miller to deliver 650 home triple tenure scheme

Developer and operator of single family build-to-rent (BTR) housing, Present Made and homebuilder, Miller Homes, have formed a joint venture (JV) to deliver a 650-home mixed-tenure community in Bedfordshire. The 170-acre site, currently known as Mill View, will feature a blend of private-sale, affordable and single-family build-to-rent (BTR) housing. Construction is set to commence in Q4 of 2024, with the initial homes expected to be completed by 2025. Mill View underscores Miller Homes’ expertise in forming joint ventures to create exceptional homes and communities. It also represents Present Made’s first triple-tenure transaction, including private sale, affordable and BTR residences. Located in a cluster of villages 13 minutes south of central Bedford, the site forms part of the wider Wixam Park masterplan, which includes over 1,500 homes and five-acres of employment land. The site benefits from outline planning consent for a new primary school, community infrastructure and an 87-acre country park. Mill View, soon to be rebranded, represents the newest addition to Miller Homes’ growing portfolio in the South Midlands region. Among the other developments by Miller Homes in this area are Miller Homes @ Forster Park in Stevenage, Norwood Quarter in Northampton, Miller Homes at Stanton Cross in Wellingborough and Arlesey Gate in Arlesey. Alan Penfold, Managing Director at Present Made, said: “In Miller Homes, we have a five-star, best-in-class delivery partner renowned for its quality of product and speed of execution. The delivery partner model will help Present Made achieve scale faster while ensuring we maintain the highest design, build and operational standards. This relentless focus has defined Apache Capital’s purpose-built prime multi-family build-to-rent strategy and will see us deliver a new community at Mill View that sets new benchmarks for excellence.” Benjamin Massey, Divisional Managing Director at Miller Homes, stated: “We are pleased to have formed this joint venture with Present Made to deliver 650 mixed tenure homes in Bedford, enabling us to complete this significant land acquisition together, and we hope it forms the foundation for other opportunities. “Building mixed tenure homes as part of our business model allows us to continue diversifying our portfolio, while creating new opportunities for land acquisition and supporting our overall growth ambitions to 6,500 homes per year. Mill View will offer residents a blend of thriving town life and picturesque countryside living, easy access to local transport links, and green spaces including the new country park on the doorstep.” John Dunkerley, CEO at Apache Capital, said: “The tri-tenure model is a win-win for investors, communities, and housebuilders: investors get to satisfy the ‘triple bottom line’ by delivering solid financial, environmental and social returns, communities get a broad range of much-needed new housing, while housebuilders get de-risked sites and diversified sources of income beyond highly cyclical market sales. We see this model as being key to scaling our Present Made platform as we look to work with third-party capital to capitalise on the opportunity presented by the UK’s rapidly changing housing market.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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