£6.2 million project for 35 new affordable homes put on hold
May 31, 2019
A multi-million pound project that will see the town of Peterborough having an additional 35 affordable homes has been put on hold following a challenge – Peterborough City Council said the project was to help to get people off their housing list. The planning was for the homes to be built on Crowland Road in Eye Green and subject to planning approval would be ready in October 2019 to July 2020.
The current issue is that the county’s mayoral body has said their spending budget had been ‘inadvertently overlooked’ re affordable housing for rents. The decision to build remains in the balance and will be debated by a council scrutiny committee.
Full story can be read on Peterborough Today website.
You May Also Enjoy
Real-life value of the most famous Christmas film homes
The real-life value of the most famous Christmas film homes, from budget classics to multimillion-pound mansions New research has gathered and analysed the estimated valuations of real homes featured in popular Christmas films, ranking them by cost. The priciest homes are featured in The Holiday, Trading Places, and Home Alone, with Amanda’s home from The…
Read More 
77% of buyers refuse to buy a flood risk property
Despite 4.7 million English homes facing flood risk New research from Lyons Bowe has revealed that 77% of homebuyers would not consider purchasing a property in a flood risk area, despite more than 4.7 million homes across England currently being deemed at risk of flooding. The findings come as the Government launches a new flood taskforce amid…
Read More 
Poor Communication becomes Expensive at Scale
The hidden cost of fragmented property management By Adam Hills, Client Services Director, LRG Living Markets A landlord asks for an update on a repair. The property manager asks the contractor, who is waiting for access from the tenant. Meanwhile, the accounts team has received an invoice but cannot tell whether the work is complete.…
Read More 
When Estate Agents Decide to Go Solo
Leaving an established estate agency to work independently gives experienced agents more control over fees, client service and working hours. It also brings responsibility for compliance, cash flow and every part of the customer experience. Before handing in your notice, test the idea against realistic sales volumes, local competition and the amount of time you…
Read More 
What Should Buyers Ask Before Reserving a New Build?
Research from Skipton Building Society has found that 44% of aspiring first time buyers would rather buy a new build than an older property, with just 30% favouring an older build. Modern fittings and appliances were the biggest draw, cited by over half of those who preferred a new build, alongside the promise of lower…
Read More 
The UK cities with the largest property price increases revealed
A new study has unveiled the most challenging UK cities for first-time buyers. Newry leads Northern Ireland’s ranking, with a property price increase of 12.8%, while Hull leads Great Britain’s ranking, recording an increase of 6.6%. The research examined data from HM Land Registry to reveal the cities that have faced the highest property price…
Read More