Monday 23 January 2012
Story Homes plans to invest in Allerdale
We propose to build a total of 426 new houses, including 66 affordable homes, at four different sites in Stainburn, Great Clifton (both Workington), Maryport and nearby Dearham. The plans incorporate a mix of two, three, four and six-bedroom properties. The first work could start as early as July this year.
Story Homes’ chief executive Fred Story said: “Allerdale has some fantastic places to live but there has been a substantial shortage of new houses built in the area over the last few years. We are looking to address this issue by providing quality homes which offer tremendous value for money, whilst continuing to work with the local council to create major investment in the borough and significant employment opportunities.”
The developments will generate around 340 new full-time jobs, according to calculations published by the Home Builders Federation (HBF), as well as keeping Story Homes’ current workforce employed. The HBF expects further jobs will be created for local suppliers and service providers in the supply chain.
The new homes will help address the shortage of house-building in Allerdale in recent years as detailed in Allerdale Borough Council’s 2010-11 Annual Monitoring Report. The plans include both greenfield and brownfield sites because not enough deliverable brownfield sites are available to meet these new-build targets.
The four proposed sites are at:
- Moor Road, Great Clifton – 46 homes
- Browside Road, Dearham – 78 homes
- Netherhall Road, Maryport – 152 homes
- Moor Road, Stainburn – 150 homes
The proposed developments’ 66 affordable houses consist of 21 discounted for sale and 45 rented properties. In all, there are two six-bed properties, 218 four-bed, 144 three-bed and 62 two-bed. Story Homes has won many awards over many years for building top-quality, high-specification modern homes. A 2010 customer survey revealed that 100% of its customers would buy another Story home.
Story Homes has already expanded successfully into West Cumbria from its Carlisle base over the last 18 months, selling around 75 properties at its Whitehaven and Wigton sites.
The company’s plans for Allerdale prove that it is not all doom and gloom in the property market. Story Homes recorded excellent sales figures in 2011, with 35 out of 42 properties having been sold in less than six months at its site in Brampton and its bungalow development in Whitehaven having sold all but one of its 11 properties in the same period.
These figures, coupled with news of four major new developments in Allerdale, shows that the general downturn in the house-building industry is not affecting Story Homes. It has been able to buck the national trend because of a strong financial base and the quality of its homes.
All four developments are subject to approval from the local authority and all applications are available for anyone to view at Allerdale Borough Council’s offices.
Story Homes has won a string of awards for the quality of its properties, including Magellan Park at Whitehaven receiving a UK Property 5 star award. Story Homes was also named Best Developer in the UK in the Premier Guarantee Excellence Awards for its properties in Dumfries and Lockerbie in South West Scotland.