The worsening of the UK housing crisis is well publicised, with the Government vowing to deliver 300,000 new homes every year.
The pressure on the housing market is significant with the demand for homes outstripping supply.
Bromsgrove is a highly desirable, but expensive place to live. For many first time buyers and young people, house prices are out of reach, with ever increasing deposits and monthly payments reducing the number of owner occupiers. Figures from Rightmove show Bromsgrove has an overall average house price of £247,571, an increase of 5% on the year before, and 19% from 2015 when they averaged at £208,242.
Statistics also show that when lower quartile earnings and house prices are considered, Bromsgrove District is the least affordable of all the Worcestershire local planning authorities.
Catesby Estates’ planning application for 505 new homes off Whitford Road also includes a series of road improvement works, with the creation of a new roundabout at the Rock Hill and Fox Road junction. The application is due before Bromsgrove Planning Committee in October.
The development will provide 202 affordable new homes, in an area which is desperately short of meeting its needs. Independent research commissioned earlier this year has highlighted since 2006/07 just 94 net affordable homes have been delivered per annum, and as a result of this average delivery rate it would take over 23 years for Bromsgrove District Council to house the 2,166 households on the Housing Register.
David Morris, Planning Director for Catesby Estates said; “We are committed to delivering much needed affordable homes for Bromsgrove. We will be providing 40% affordable housing on our site in Whitford Road, which will help those currently on the Housing Register.”