Award winning housing association Aster Group is continuing its expansion into Surrey by bringing new affordable homes to the Farnham area.
Located on two sites in and around Farnham, the schemes will provide local people with new and affordable housing options.
The 48 homes at Crondall Lane, not far from Farnham high street, will consist of 12 shared ownership properties and 36 homes for rent and will be delivered in partnership with Taylor Wimpey. The development, known as Abbey View, is anticipated to be finished by the end of the year, with residents moving in during late 2019 / early 2020.
The second collection of homes is located just three miles from Abbey View at the former Little Acres nursery site in Badshot Lea. Delivered in partnership with Bellway, the 28 homes will consist of 10 shared ownership properties and 18 homes for affordable rent, with the first homes due to be completed towards the end of this year.
The Group’s latest developments in Surrey are in the Waverley Borough, bringing Aster’s total number of housing schemes in that local authority to three and in the county, to five. The Group is continuing to talk to both housebuilders and land owners with a view to securing more opportunities in this area.
Aster’s developments in West End near Woking have been particularly successful with all 27 shared ownership homes at The Maltings and Oaks Meadow being reserved off-plan. With 96% of the Group’s properties in Surrey already reserved, a further 23 homes will be on sale throughout February – June 2019 at its site in Cranleigh.
Amanda Williams, group development director at Aster said: “These new developments in and around Farnham will play a key part in addressing the housing need in Surrey – one of the most expensive areas to live in the UK.
“With the average age of our home buyers in this area being 35 with a household income of just under £40,000 per annum, affordable homes are vital for so many people living and working in Surrey to get onto the property ladder.
“These kinds of projects would not be possible without successul partnerships coming into play. Working with Waverley Council, Taylor Wimpey and Bellway is helping deliver much needed housing – something that is particularly pertinent in affluent areas such as Surrey where affordability is such an issue.”