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New homes are completed
 

A new Hereward Housing development will provide 20 much needed homes for rent, shared ownership and key workers.

The £1.4 million development at Clayway in Ely is an extension of Hereward’s existing estate of 44 affordable homes and has just been completed and it includes a rare chance to get that all important first foot on the housing ladder.

A total of 10 homes are available to buy on a shared ownership basis. There are six two bedroomed flats and four one bedroomed flats on the market with a 50% share available.

Under the shared ownership scheme, prospective owners buy 50% of the property at its open market value and a monthly rent is payable to Hereward for the remaining 50% plus any service charges for communal and leasehold services.

This development includes a rare chance for people to get that all important first foot on the housing ladder.

Michelle Pilborough, Hereward’s Home Ownership Service Manager, said: “This is a wonderful opportunity for couples or single people to get onto the housing ladder and secure a new home in the prominent location of East Cambridgeshire.”

Buyers would pay £47,500 and £62,500 respectively for the one and two bedroomed properties with a monthly rent of between £130 and £150.

To be eligible for the scheme prospective buyers would need an income of about £17,000 a year.

There are also eight homes to rent and two homes have been reserved for key workers such as police officers and health workers.

Hereward originally acquired the land from the Church Commissioners in 1996 and completed the first phase in August 1997. The latest phase is a partnership between Hereward and East Cambridgeshire District Council planners and housing department.

The flats are arranged in groups of four and each home has an individual entrance and own gated garden with a secure shed and water butt. Flats have been carpeted throughout and there are 20 dedicated parking spaces together with six spaces for visitors.

*Anyone interested in a shared ownership property at Clayway should contact Hereward’s Home Ownership Team at Ipswich on 01473 213 342.

Pictured above are Councillor Jeremy Friend-Smith (left), chairman of East Cambridgeshire District Council and Hereward Board Member Fred Milnes on a visit to the development.

 
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