Construction News

23/06/2015

Create Homes Aberdeenshire To Acquire 24 New Homes

A new organisation set up to deliver rental market housing in Aberdeenshire is to acquire its first homes in July 2015.

Elected members agreed to lend funds to Create Homes Aberdeenshire to enable the purchase 24 affordable housing units from Stewart Milne Group at the developers Westfield site in Westhill.

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The purchase will be completed in two phases, the first 12 houses will be purchased in July with the other 12 homes to be purchased in October.

Rents will be charged at 100% of Local Housing Allowance Rate which in Westhill will result in a monthly rental of £551 for a one bedroom flat, £703 for a 2 bedroom flat and £801 for a 3 bedroom house.

Discussions are ongoing with developers for the provision of further developments for mid-market rental properties. It is anticipated that up to 160 will be available by the end of March 2018.

(CD/MH)

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