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Sidmouth: Holmdale flats to ‘support local economy’
Friday, 21 February 2014
Provision of affordable housing in Sidmouth will play “a key role in supporting the local economy”, according to bosses behind the new Holmdale apartments in Mill Street.
East Devon District Council unveiled the 12 new flats recently, after the completion of a partnership agreement between the council and DCH (formerly Devon & Cornwall Housing), who manage affordable housing schemes across the region.
Rob Finch, New Business Manager at DCH, said: “We are extremely proud of these much needed shared ownership apartments.
“High quality affordable housing has obvious social benefits but it also plays a key role in supporting the local economy, providing accommodation for people who wish to live and work locally, employment for construction workers and income for local businesses who benefit from people moving into the area.
“I am really pleased to see this scheme celebrated and I hope Holmdale’s new residents have many happy years in their homes.”
The new flats have been built on the site of a former motor workshop, later used as a gym, in the town centre.
Most of the one and two-bedroom apartments have already been snapped up, but a few still remain available to purchase under a shared ownership scheme.
Councillor Jill Elson, Cabinet Member for Sustainable Homes and Communities, said: “These self-contained apartments are a fine example of how a derelict town centre site can be regenerated and much needed homes provided through a partnership between a council and a housing provider like DCH.
“I am proud to be associated with this latest in a series of schemes promoted by EDDC to help local people find an affordable home.
“We started looking at the site in 2005 and agreed to work with DCH in 2006. Seeing these lovely apartments today means it was worth the wait.”
Construction started on the £1million housing scheme in August 2012 and work carried out by local company C G Fry & Son was completed in January this year.
The prices of the new homes start at £125,000 and rise to £197,000.
Pamela Austin Roberts, Marketing and Sales Manager at DCH, said: “The high-quality affordable homes are prioritised for local people, helping them to gain a firm foothold on the property ladder, remain in the area and contribute to the local economy.”
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