New MSV Housing and Bellway Partnership to bring 244 new homes to former Gatley Golf Course site
Mosscare St Vincent’s Housing (MSV) is pleased to announce a new partnership with one of the UK’s largest homebuilders, Bellway, following a formal exchange of terms to acquire 122 homes at the former Gatley Golf Course in Heald Green, Stockport. Overall, the site will provide 244 homes – 122 being for outright sale by Bellway and the remaining 122 being a mix of affordable, intermediate rent and shared ownership for MSV
If planning approval is granted, the new homes will meet SMBC’s latest housing needs assessment, which shows that homes of this type and tenure are a priority in Stockport.
In summary the scheme will:-
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provide 244 new homes, all built to the highest standards of sustainability, quality and design; MSV’s portion being a mix of low-cost shared ownership, social rent and affordable rent homes
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aim to offer a high percentage of the intermediate rent capped at 66% of market rent
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offer a portion of the intermediate rent allocation to working households
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offer a mix of 1, 2 and 3 bed apartments and houses
Charlie Norman, Chief Executive for MSV said: “This is great news for Stockport, bringing an unused and undeveloped site into use for local people. We are still in the grip of a housing emergency, where families are crying out for affordable homes. MSV has a strong track record of not only providing those homes, but then delivering on our promises and providing the best possible services for long-term investment in the area. Overall, the development will see an investment of £49m in the site, which has got to be good news for everyone.
Thanks to Bellway for working with MSV on this important project. We have a well-established partnership with colleagues at SMBC so I’m really looking forward to seeing the plans presented to council for their consideration.”
Mathew McAdam, Managing Director of Bellway Manchester said: “We are delighted to reach this agreement with MSV Housing, which will make a significant contribution towards the provision of affordable homes in Stockport and also help to accelerate the delivery of new housing.
“High-quality affordable housing is an essential ingredient in building strong, inclusive and diverse communities. We are looking forward to developing the former Golf Club and delivering high quality new Bellway homes in such an attractive setting within Stockport. “
