Flagship development opened in Cannock
A flagship £3.9 million development of affordable apartments was officially opened in Cannock this week.
Cllr Ray Easton, chair of Cannock Chase District Council, and Dr Mary Griffiths, chair of South Staffordshire Housing Association, performed the honours at Riverside Court, in Girton Road.
Peter Rogers, Housing Corporation board member, and Peter Jones, head of investment with the Housing Corporation, were among the guests of honour at the special ceremony.
The 29 high-quality apartments are being offered by South Staffordshire Housing Association for shared ownership, including the penthouse, with preference given to people with strong local links, putting the homes within reach of people looking for their first step on the housing ladder.
The average priced two-bedroom apartment at Riverside Court is affordable to those on a single income of around £21,000 or with a joint income of around £26,000. Buyers purchase a portion of a property, paying rent on the outstanding amount, which they can then buy at a later date.
Some of the units will be within reach of individuals on lower incomes than this.
“By offering these high-quality, apartments for shared ownership, we are putting them in reach of many first-time buyers in Cannock who might not otherwise have a chance of getting onto the property ladder,” said Debbie Elliott, chief executive of South Staffordshire Housing Association, which is this year celebrating its 10th anniversary.
“The high-specification and design features of these apartments give them an aspirational feel and interest in them has been strong from the start. The penthouse is included in the shared ownership scheme so people have the chance to live in a highly aspirational home at an affordable price.
“We will continue to look for opportunities in Staffordshire to develop affordable homes for local people to give them a hand into their own home and help ensure people are not forced to move elsewhere to be able to afford to live independently.”
The development was the result of partnership working between South Staffordshire Housing Association, Cannock Chase District Council – who supported the bid for resources to support the project – and developer Jessup Brothers.
The scheme is costing a total of £3.9 million, with £980,000 funded by the Housing Corporation.
The Housing Corporation is the Government agency that funds new affordable homes and regulates housing associations in England.
Of the 29 apartments, 28 are two-bedroom with a single one-bedroom unit. The properties feature en-suites, top-of-the-range kitchens, Porcelanosa tiling, chrome over-bath showers, door entry system, secure off-road parking and a spacious, decked sitting area. A local technology school has agreed to design and produce artwork which will be displayed on the communal stairways and corridors.
For more information on Riverside Court, contact Cannock sales agent Jaymans on 01543 505566 or visit our Riverside Court page.
(Released 5th June 2007.)