We have welcomed the first Shared Ownership customers to their new homes at affordable development, Cricketers Hill, which is being built in the Carley Hill area of Sunderland. Working in partnership with RE:GEN, the £24.8 million development consisting of 115 homes including two-, three- and four-bedroom houses, two-bedroom bungalows and two-bedroom apartments is progressing well with residents moving into the first phase.
We hosted an exclusive show home launch for the development back in November and within 4 months customers now have the keys to their dream homes.
A new resident at Cricketers Hill, said:
“I have just bought my own home under the Shared Ownership Scheme. If this was not an option, I would have really struggled to get onto the property ladder.
“To move into a brand-new property that only needs to be furnished is a dream come true for me. The process from start to finish was smooth and effortless. After registering my interest Hayley, the Sales Executive initially contacted me about viewing the showhouse then guided and helped me through to completion of the purchase.
“The communication was second to none. Any questions or queries were answered promptly and with a smile.”
Our Shared Ownership homes all come with a two-year Aftercare Guarantee, energy efficient air source heating, solar panels and high-performance glazing, carpets fitted throughout with vinyl flooring in wet areas, shaker-style kitchen with integrated appliances, private parking and an electric car charging point.
Cricketers Hill is part of our Affordable Development Programme, which is playing a part in addressing the housing crisis by delivering more than 700 high quality affordable homes to Sunderland by 2029. The programme will deliver homes in a variety of tenures, including social rent, affordable rent, Shared Ownership and Rent to Buy.
Joanne Gordon, Homes and Development Director at Gentoo Group, said:
“I’m delighted to reach another milestone in our Affordable Development Programme and welcome more customers to their new homes. We have now welcomed more than 340 customers to new homes across Sunderland and are committed to building even more, much needed affordable housing.”
Simon Watson, Operations Director at RE:GEN Group, said:
“We're very proud to have partnered with Gentoo to bring this vibrant new community to life, and seeing the first residents’ step into their new Shared Ownership homes is fantastic. This development showcases our commitment to enhancing lives - not just by assisting Gentoo in providing more affordable housing to the region, but also by making homeownership achievable for many. We’re excited to see this community flourish in the years ahead."
Shared Ownership is a government-supported scheme which allows aspiring homeowners to buy an affordable share from 25% to 75% of a high quality, brand new home. Home buyers pay for part of the home while renting the remaining share from Gentoo. This makes it an ideal opportunity for people who want to purchase a home but cannot yet afford to buy one on the open market.
Read more information about Shared Ownership or Cricketers Hill, or call 0191 525 5520 to make a viewing appointment.
