17 March 2015
A custom build scheme offering Londoners the opportunity to design their own home has been launched in East London.
{TEASER}
The DNA Homes project – provided by housing association East Thames in partnership with Make Architects and Newham Council – will feature nine three to four-bedroom town houses and will be built by an, as yet, unnamed contractor on the site of several disused garages in Vandome Close, Custom House, E16.
Five of the homes are available for private sale from £522,500 each; purchasers will help shape the final design and move in just 18 months from the application date. A shared ownership option is available on two of the homes, priced from £130,625 each for a 25% share. The remaining two are earmarked for affordable rent.
The scheme – which gained the green light last summer – is funded through the Greater London Authority’s custom build prospectus ‘Build your own home – the London way‘ with a low cost development loan of £1.9 million.
Richard Blakeway, the Greater London Authority’s Deputy Mayor of Housing and Land, said: “This innovative scheme is delivering spacious, good quality homes tailored to the needs of buyers on a range of budgets. The GLA is particularly pleased to be helping to fund one of the largest and most important tests of residents ‘customising’ their own homes in London.”
Councillor Ken Clark, Cabinet Member for Building Communities, Public Affairs, Regeneration and Planning for London Borough of Newham, added: “This development is a wonderful opportunity that will meet residents’ unique needs and requirements; we hope that this will become a template for future house building schemes.”
