Background and business case
In March 2018, Halton Housing acquired a plot of land on Picow Farm Road, Runcorn allowing us to create a £10.5million housing development, Tannery Fields of mixed tenure in a popular residential area of Runcorn, Cheshire.
This development, supported by Homes England funding, comprises 71 brand-new homes and will help us deliver our ambitious development programme which sets out our intentions to build and acquire 1000 additional new homes for rent, sale and shared ownership over the next 5 years.
The development which will be a mixture of two, three and four-bedroom houses and bungalows will offer 30 homes for affordable rent, and our commercial subsidiary, Open Door will manage 41 homes for Outright Sale, Shared Ownership and Rent to Buy homes, helping more people onto the property ladder through different tenures that help meet customers individual needs and circumstances.
Tannery Fields, also provides flexibility for customers, with shares available for purchase ranging from 25% to 75%, depending on affordability and other eligibility criteria. Help to Buy is also available at this development, helping numerous families, first time buyers, and young professionals move into a home they can truly afford.
The first new build homes were handed over in May 2019 with all homes set to be completed by Summer 2020.