200 new homes for Greenock announced by Oak Tree Housing Association

March 26, 2019

Well needed plans for four developments across Greenock have been announced by Oak Tree Housing Association that will hopefully see 200 new homes with an investment of £33 million that includes £18 million of funding via the Scottish government.

The project is hoped to be delivered by 2021 with works starting in 2019 – Homes will be all for social rent with a selection of cottage flats, terraced houses and back / front door detached. Provision will also be made for homes adapted to those with special needs.

Oak Tree chief executive Nick Jardine was quoted as saying:  “We are delighted to welcome Sally Thomas to Inverclyde as we embark on this significant new build programme at Auchmead Road, with Bow Farm, Ravenscraig and Strone Farm developments coming on stream during 2019.

“his is all part of our drive to continue to identify key development opportunities that can help us improve the lives of our tenants and wellbeing of our communities, while delivering on the strategic housing objectives for Inverclyde. It will also mean an enhanced social housing portfolio for us, bringing our total stock to nearly 2,000 properties and contributing towards the Scottish Government’s current target to deliver 50,000 affordable new homes across Scotland.”

The project is one of many planned so that the Scottish government can reach a target of 50,000 affordable homes to be provided by 2021.

Full story can be read on the Scottish Housing News website.

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Estate Agent Talk

What to know when buying land

The closure of UK Land & Farms (UKLAF) has left a significant gap in the UK’s specialist land market with buyers and sellers now forced to adapt after 18 years of relying on UKLAF as the cornerstone of the industry. As interest in land continues to grow, the company says the closure also serves as…
Read More →
Letting Agent Talk

Tenant demand strong, landlord supply shrinking

New RICS data shows tenant demand at its strongest in over a year – while landlord supply keeps shrinking. That’s not bad luck. It’s a trust problem, and it’s fixable. “These numbers should be good news for landlords. Demand is the strongest it’s been in over a year. Instead, they are deciding to head for…
Read More →
Letting Agent Talk

Why Join a Letting Agents Association?

Why Every Letting Agent Should Join a Professional Body The lettings industry continues to evolve, with new legislation, increasing compliance requirements and higher expectations from landlords and tenants alike. For letting agents, staying informed and operating to recognised professional standards has never been more important. Joining a letting agents association provides far more than a membership…
Read More →
Breaking News

House price growth remained subdued in July

UK annual house price growth slowed to 1.8% in July, from 2.2% in June House prices were up 0.1% month on month Average time in a home is 14 years: 24 years for those owning outright and 5 years in private rented sector Three quarters of moves were within same tenure type in 2024/25 Headlines…
Read More →
Breaking News

Rent hikes and tighter tenant checks as landlord costs climb

Rising costs are prompting 63% of professional landlords to raise rents, prioritise lower-risk tenants and reassess portfolios Renters face a more expensive and more selective rental market as professional property investors respond to re-emergence of realistic gilt yields, rising operating costs and regulatory change by increasing rents and reassessing tenant risk and selection criteria, according…
Read More →
Rightmove logo
Breaking News

North-South divide for time to move as Londoners see longest wait

New analysis reveals a north-south divide in the time it takes to move home: In London it takes 174 days on average to go from agreeing a sale to completing a move, whereas it takes 141 days in the North East Scotland is the fastest part of Great Britain at 98 days, due to the…
Read More →