Leading housing provider Stonewater has been working with construction and development firm Deeley Group and Nuneaton & Bedworth Borough Council to develop much-needed affordable housing as part of the town’s wider regeneration project.
Feather Lane is a brand-new development of 27 homes built in partnership with The Deeley Group, which has been at the forefront of regeneration in Bermuda over several decades – aiming to boost economic growth across the town.
The scheme, which has benefited from Homes England grant funding as a result of Stonewater’s strategic partnership with Guinness, consists of eight two-bedroom and eleven three-bedroom affordable rent homes, as well as four two-bedroom and four three-bedroom shared ownership homes.
The average home in Nuneaton is currently priced at around £176,284, which is more than seven times the typical local wage. However, shared ownership is a part-buy part-rent scheme offering an affordable route to home ownership for first time buyers and local people struggling to get a foot on the property ladder.
Matt Crucefix, Director of Development (West) at Stonewater, said: “We are absolutely clear on our vision of giving everyone the opportunity to have a place that they can call home at Stonewater and we are always striving to find opportunities to make that vision a reality. It has been a pleasure working with The Deeley Group to transform this site and not only meet local housing needs, but support Nuneaton and Bedworth Borough Council with improving the local economy.”
Peter Deeley, managing director at the Deeley Group, said: “We are thrilled to have worked in partnership with Stonewater and Nuneaton & Bedworth Borough Council to bring forward much needed affordable housing for the local community.
“Bermuda is an area which is very close to our hearts as a company as we have been working on the regeneration of this part of Nuneaton for decades and this is another welcome addition.”
Clare Golby, Councillor for Arbury at Nuneaton and Bedworth Borough Council, said: “I was invited to the official opening of the housing scheme at Feather Lane and was really impressed with what has been delivered. Stonewater’s development is well thought-out, and the homes are all spacious and lovely. Most importantly, the residents we spoke to were very happy with their new homes. This development compliments the earlier phases of the Feather Lane estate too, so overall I was really pleased.”