Homes England is helping to unlock land for 15 custom build homes in Norfolk. The “Long Four Acres” site which is set over 5.2 acres in the village of Bracon Ash, is set to benefit from a £656,000 Home Building Fund loan from Homes England which will support the scheme and unlock the plots for development.
Having procured a strong professional team to work alongside them, and having undertaken many previous property restorations, the couple are now using their experience to deliver their first self/custom build project.
Mr Keable said,
“This funding will enable us to accelerate this scheme. Whilst traditional lenders are becoming more accommodating of custom and self-build properties, securing funding and demonstrating demand for such developments is still a difficult and challenging process. Homes England have worked with us to understand the local need and appetite for these homes and without them we may not have been able to develop the site.
“The infrastructure build has already started and will be completed in December, the scheme has been short-listed for an award, and we’ve received seven deposits and exchanged contracts on four plots.”
Based on the Thorpe End Garden Village, east of Norwich, the site is unique due to its low density – with an average of three plots per acre. It has a long straight avenue, with wide, tree-lined verges and hedges down each side. The developers are also building a home for themselves within the development ensuring everything is being designed and built to the highest standards.
Chris Arkinson, Senior Specialist at Homes England said,
“This is a great example of the kind of project that Homes England is looking to support through the Home Building Fund. With a strong demand for new homes in Norfolk, we are keen to work with partners to enable or accelerate delivery where possible. Not only is this a new entrant to the market, albeit one with a track record of property restoration and business management, but they are also focused on delivering a development using modern off-site construction methods.”