A MULTI-million pound affordable housing development is to be built in Wilmslow.

The 52 shared ownership and affordable rent homes will be developed by Weaver Vale Housing Trust’s new shared ownership and sales brand, Prospa Homes.

The homes are being built by the Barratt and David Wilson Homes North West division as part of its David Wilson Homes Stanneylands development, in the heart of Wilmslow, which will see 174 new homes built over the next five years.

The development will include three-bedroom family houses, one and two-bedroom duplexes, and one and two-bedroom flats all with high specification interiors.

The shared ownership homes will be marketed under Prospa Homes.

Knutsford Guardian:

All properties will be available for affordable rental and with shared ownership sales starting at £72,000 for a 40 per cent buying share, and it’s hoped these homes will enable local people who are currently priced out of the local market to get onto the housing ladder.

Wayne Gales, chief executive at Weaver Vale Housing Trust, said: “This development will make a real difference in enabling local people to get a foot on the housing ladder in an area where high house prices have meant home ownership has been out of reach for many.

“This is our largest development to date in our ambitious plans to develop 460 homes over the next four years.

“This is part of our wider commitment to tackling the housing crisis across Cheshire and the north west.

“We are delighted to be working with David Wilson Homes to create high-quality houses across a range of tenures to enable more people to get onto the housing ladder.”

Knutsford Guardian:

With average house prices in Wilmslow currently standing at £456,297, Prospa Homes is aiming to provide a welcome addition to the local housing market by offering shared ownership homes available from £72,000 for a 40 per cent share, allowing both first-time buyers and families to get onto the housing ladder in this sought after Cheshire town. The development is due to be completed in 2025.