Crest Nicholson is pleased to announce that Metropolitan Thames Valley (MTVH) has been selected as the Affordable Housing partner for Brightwells Yard, the exciting town centre development in Farnham, Surrey.
The delivery of 72 shared ownership new homes means that 30 percent of the properties provided will be Affordable Housing. The shared ownership option will provide younger, first time buyers with the opportunity to buy locally, while the balance of the 239 homes will be delivered by Crest Nicholson for sale on the open market.
Following the recent merger of Thames Valley Housing Association and Metropolitan Housing Trust, MTVH is one of the UK’s largest housing associations investing in communities through good quality, affordable, and sustainable housing.
Construction work is now underway, and the first residents are expected to move in from 2021. When complete, the development will provide additional public space and gardens for the whole community, and will link seamlessly to the rest of the town through a network of new footpaths. The retail and leisure hub will include a Reel cinema, and 30 retail and restaurant units, including Marks and Spencer. It will be set around a new town square, alongside 239 apartments with private gardens and parking for residents. The development will compliment Farnham’s existing daytime shopping offer and add to the evening economy in Farnham Town Centre.
This announcement follows recently released computer-generated images which can be found here
Chatinder Bal, Director of Residential Development at Metropolitan Thames Valley, said:
Having worked closely with Crest Nicholson and Waverley Borough Council for several years, we are extremely pleased to be delivering 72 much needed Affordable Homes for Shared Ownership. We believe these will provide a great opportunity for those otherwise locked out of Home Ownership access to a home of their own, on this exciting new development.
Tim Jones, Development Director at Crest Nicholson, said:
We are extremely pleased to have appointed Metropolitan Thames Valley as the affordable housing provider for Brightwells Yard and look forward to working with them to deliver affordable housing in this exciting development. This agreement will provide local people with high-quality homes they can afford and encourage the growth of stronger communities.
Councillor Julia Potts, Leader of Waverley Borough Council, said:
I’m really pleased Brightwells Yard will provide the borough’s younger generations, and those looking to get on the property ladder for the first time, the chance to stay in Waverley and live near their friends and families – alongside the fabulous facilities that Brightwells Yard is set to bring. The development really will bring a new lease of life to the area and create a fantastic hub for people of all ages in our community.