Work to build 40 new homes on the former Ashby market site in Scunthorpe, is now underway.
The market closed back in 2017 after North Lincolnshire Council invested thousands of pounds to move its location up the road to Broadway. The site was cleared in 2018 and has since stood empty.
Ongo Homes submitted a bid to buy the land from the council in 2021, which was accepted, leading to a successful planning application and now works starting.
This development will offer one-bedroom flats and two, three and four-bedroom homes.
These will be available for affordable rent, shared ownership and rent to buy, providing an alternative, and more affordable route for those struggling to get on the property ladder. With the current cost of living crisis, this is expected to rise.
Rent to buy offers people the opportunity to rent at a lower cost than market rate, to allow saving for a deposit, giving them the option to then buy their home.
Shared ownership allows for a share of a property (between 25-75%) to be bought and rent to be paid on the rest. Then, when it is affordable, larger shares can be secured until reaching 100%.
Martin Phillips, Development Manager at Ongo said: “Ashby has seen huge investment over the last few years with the new market and businesses opening up, making it an extremely in demand area for people to live.
“The area is thriving and we’re delighted to be contributing towards that with 40 fantastic new homes. The site has been wasted for a few years and these new homes will completely transform the look of that area.
“This project is part of our ambitious plan to deliver hundreds of new homes each year across the region. We can’t wait to see them finished and to welcome people in to them.”
Work is scheduled to be complete next summer, with TG Sowerby as the main contactor delivering the project.
To find out more about Ongo and their development programme, follow them on social media or head to their website: www.ongo.co.uk/developments.