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 from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Britain’s equestrian homes average value of £1.3m

South East accounts for one in five opportunities The latest research from LandSale, the property portal dedicated to land and rural property, has found that those inspired to enter the equestrian world following Royal Ascot this week will need a budget of £1.265m in order to get started, with the South East home to the…
Read More →
Breaking News

Interest-only mortgage stock reduces by 17 per cent in 2025

Key points: There were 445,000 pure interest-only homeowner mortgages outstanding at the end of 2025, 17.7 per cent fewer than in 2024. In addition there were 156,000 partial interest-only (part and part) homeowner mortgages outstanding at the end of 2025, 10.3 per cent fewer than in 2024. The total interest-only mortgage stock (including part and…
Read More →
Breaking News

5 building materials that give home sellers nightmares

The latest market insight from House Buyer Bureau has highlighted five building materials that can be a nightmare for homeowners, as they severely impact a property’s value, make it difficult to mortgage, and can prevent them from securing a buyer. House Buyer Bureau analysed some of the most problematic building materials found within UK homes,…
Read More →
Breaking News

UK House Price Index for April 2026

The latest UK House Price Index for April 2026 shows that: The average monthly rate of UK house price growth in April was +0.7%. Average UK house price annual inflation was 3.8% in the 12 months to April 2026. As a result, the average UK house price currently sits at £270,080.   Here is how…
Read More →
Breaking News

Private rent and house prices, UK: June 2026

Main points Average UK monthly private rent inflation continued to slow, increasing by 3.3%, to £1,383, in the 12 months to May 2026 (provisional estimate); this annual growth rate is down from 3.5% in the 12 months to April 2026. Average rents increased to £1,442 (3.4%) in England, £836 (4.7%) in Wales, and £1,009 (1.0%)…
Read More →
Breaking News

A decade of change in Britain’s rental market

Rental stock rises in England but falls in Scotland and Wales as rents increase by 45% over the last decade New research by LegalforLandlords reveals that Britain’s private rented sector (PRS) has grown by an estimated 6.6% over the past decade. However, while rental stock has increased overall, significant regional differences have emerged across England,…
Read More →