A new development in Leicestershire by Bowbridge Homes, including eight custom build plots, is one step closer to market thanks to a £2.2million investment by social impact investor Housing Growth Partnership (HGP).
Set in the village of Frisby on the Wreake, the 48 home-site includes 32 open market, eight affordable homes, in addition to the eight custom build plots. The plots, which feature custom build designs by NaCSBA member Oakwrights, have been well received, with only one plot remaining – find out more. The plots are generously sized, from between 1/4 to 1/3 of an acre.
Oliver Purday, director of Bowbridge Homes, said: “The scheme is the latest step forward in the growth of Bowbridge Homes and we are delighted that the development – and our on-going growth – is being supported through our continuing partnership with HGP.” Commenting on custom building in general, he added, “this is an evolving area in the UK housing market with a lot of potential”.
Mike Murphy, HGP’s Midlands and Wales investment director, said: “The Housing Growth Partnership (HGP) is delighted to be backing Bowbridge Homes on this exciting new project which includes 8 custom build plots, marking HGP’s first involvement with custom build housing which comes at a time when “Self and Custom Building” is high on the Government’s agenda.
“Backed by Lloyds Bank and Homes England, HGP are helping to address housing affordability by providing equity investment to the regional residential development community on a site specific basis to increase the number of new homes built in the UK, and we are keen to support all a variety of residential asset classes including self and custom build, an exciting part of the market currently with a lot of potential for future growth.”
Plan by Welland Group