The new year sees a successful start for new and existing Cheltenham residents with a multi-million pound deal to purchase land for 180 new homes.
Tewkesbury-based housing association Bromford has agreed a deal to buy two parcels of land owned by Cheltenham Borough Council and Gloucestershire County Council on Old Gloucester Road in Cheltenham. The housing association will now draw up plans to build 180 homes on the combined 16-acre site.
The two pieces of land are next to an existing development, where Bromford is currently building 85 affordable new homes, which will provide access to the new sites. Bromford started work on this site in 2023 and is due to complete next year in 2025.
Of the 180 additional homes proposed on the two new pieces of land, 50% will be affordable market led housing and 50% will be affordable. Housing options will include shared ownership and social rent homes, ensuring a mixed tenure development.
Cllr Victoria Atherstone, cabinet member for housing, at Cheltenham Borough Council said: “This is an exciting start to the new year and is another step towards increasing the number of affordable, energy efficient homes our town really needs. Bromford have demonstrated that they can deliver affordable housing which will help create more sustainable communities and reduce homelessness.”
Cllr Lynden Stowe, cabinet member for finance and change at Gloucestershire County Council, said: “We are delighted to have worked with Bromford and Cheltenham Borough Council to be able to deliver 180 new homes in Cheltenham.
“These much-needed new homes will deliver a range of affordable housing for Cheltenham on land ideally located for this purpose.”