The existing buildings at St Chads are vacant and will be demolished and replaced with 15 houses with 2, 3 and 4 bedrooms and a one-bedroom apartment. Demolition works are expected to begin in June 2018 and will last approximately 3-4 months. Curo anticipates completion of the development in late 2019.
All of the new homes at St Chads will be available through affordable rent or to buy via the low cost home ownership scheme Shared Ownership. Affordable rents are usually around 80% of the local market rent; in Midsomer Norton, the average affordable rent for a 3-bed property currently sits at just under £155 per week.
Curo Chief Executive, Victor da Cunha, says: “We’re working hard to build more affordable homes in B&NES and we’re delighted that our plans for St Chads were approved by planning officers.
“We’re always looking for opportunities and partnerships that will enable us to deliver more affordable homes for local people. Social housing doesn’t just mean subsidised rent, it also offers secure long-term tenancies for customers, enabling them to put down roots and build a life in a stable home.”