East Cambridgeshire District Council is welcoming applications for four £100k homes in Ely.
The four properties at the Old Tannery, Forehill, which are currently under construction by Laragh Homes, are expected to be completed in October/November 2021.
The deadline to submit an application for the properties is 15th October, 2021.
£100k Homes are new-build, 100% owned, one-bedroom properties and are available to buy at a discounted market rate of £100,000.
All applicants will be assessed in line with the Allocations Policy which outlines the process for £100k Homes in East Cambridgeshire. Details of this can be found on the Council’s website.
Councillor Anna Bailey, Leader of East Cambridgeshire District Council, said: “As a Council, we are committed to delivering genuinely affordable home ownership opportunities for the people of East Cambridgeshire and we are incredibly proud to have adopted the £100k Homes Scheme for the benefit of local people.
“Not only does this scheme give us the chance to meet the housing needs of those who would otherwise not be able to buy on the open market in their local area, but it really puts an emphasis on prioritising local people.
“The Council has worked really hard to develop an Allocations Policy suitable for this scheme and I am delighted that we are able to continue offering this scheme for those that need a helping hand onto the property ladder.
“There are only four properties available at this location and I would encourage those interested in applying to check the criteria carefully before submitting their application.
“We appreciate that the demand for these properties is likely to be high and I want to reassure residents that we will continue to work tirelessly to provide more affordable home ownership opportunities within the District.”
The discounted market rate stays with the property forever and is applied for any future buyers allowing the scheme to continue benefiting residents in East Cambridgeshire.
If you have any queries about the £100k Homes Scheme, please email email@example.com or telephone 01353 665555.