Modular affordable housing units gets £12.9 million boost
January 25, 2019
Home Group is set to purchase 49 modular affordable housing units in a deal worth around £13 million that also includes 13 town houses. The location is in Chatham, Kent and the project will be delivered by modular developer Top Hat.
Top Hat: “TopHat brings certainty to property development by integrating all parts of the process into an integrated end-to-end service. TopHat develops fast, to high quality standards and at an affordable price to give you peace of mind.”
Home Group is said to have a portfolio already of over 50,000 properties and will see more added with this latest venture that will consist of one and two bedroom units for shared ownership – All will be overseen by Knight Frank’s affordable housing investment team.
You May Also Enjoy
Dispelling the top five biggest letting agent myths
By Sophie Danes, Group Director of Property Management, Lomond This year has seen the introduction of the seismic Renters’ Rights Act (RRA) as well as other changes affecting the private rented sector (PRS) coming into force, such as the rollout of Making Tax Digital (MTD). As a result, more than ever before, there is…
Read More 
Bank of England Holds Interest Rates at 3.75%
Colleen Babcock, property expert at Rightmove says: “There’s stability for now as the Bank of England holds its Base Rate as widely expected. We’ve seen average mortgage rates increase over the last few weeks as geopolitical tensions have escalated, and the average two-year fixed rate is currently coming it at 5.11%. For broader context, this…
Read More 
Average new-build value to surpass £400,000
The latest research from UK Property Development has found that the average price of a new-build home in England is on course to exceed £400,000 by 2027, having risen steadily over the last decade alongside sustained growth across the wider British market. The research analysed average new-build house price data across Great Britain and its…
Read More 
Money and Credit – June 2026
These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals increased to £7.7 billion in June, from £3.3 billion in…
Read More 
Price of a sea-view home up 27% since 2019
The average asking price for a home with a sea-view in Great Britain is £298,810, up from £235,635 in 2019 (+27%) Average sea-view asking prices have risen by more than 50% since 2019 in both the East Midlands and Yorkshire & The Humber The South East remains the most expensive region for a sea-view home…
Read More 
14.6% fewer farms in England
The latest analysis by LandSale has found that the number of agricultural holdings in England has fallen by 14.6% since 2005, highlighting the continued restructuring of the farming sector as some landowners exit the industry and others consolidate their operations. LandSale analysed the latest UK Government agricultural holdings data, comparing the number of total holdings and…
Read More